This presentation includes forward-looking statements. Actual future conditions (including economic conditions, energy demand, and energy supply) could differ materially due to changes in technology,

the development of new supply sources, political events, demographic changes, and other factors discussed herein (and in Item 1A of ExxonMobil’s latest report on Form 10-K or information set forth

under "factors affecting future results" on the "investors" page of our website at www.exxonmobil.com). This material is not to be reproduced without the permission of Exxon Mobil Corporation.

LDPE/EVA market & opportunities

5th IndianOil Petrochemcial Conclave

February 4, 2016

Daisy Le

Licensing Manager, Polymers

ExxonMobil Catalysts & Licensing

• Global & Subcontinent supply/demand

• Trend of bigger new builds

• ExxonMobil HPPE Technology

• Grass Root Projects

• Typical revamp opportunities

• Expansion and cost reduction

• Margin improvement

• Reliability improvement

• On-going support

Outline

Supply / Demand

4 4

Global LDPE supply/demand

Source: PTAI

• Global consumption continues to grow at ~2½ % in next 5 years

• > 5 million tons new capacity announced in recent years

KT

5 5

Subcontinent LDPE supply/demand

Source: PTAI

KT

6 6

Subcontinent EVA supply/demand

Source: PTAI

KT

7 7

Trend of bigger grass roots facilities

North & South America

Russia & Central/Eastern Europe

China

Asia Pacific

Middle East Africa

Source: Nexant, PTAI, Uhde HPT

• >5 million tons of LDPE/EVA to be added in next 2-4 years

• Largest announced: 420 kta Tubular; 140 kta Autoclave

• 11 out of 25 lines are >300 kta

Braskem-Idesa 300kta Tubular

Sasol 420kta Tubular

Dow 350kta Tubular

Formosa 400kta Tubular

Gazprom/Novy

Uregoy 3 x 133 kta Tubular

Slovnaft 250kta Tubular

Reliance 400kta Tubular

USI 2 x 50kta Autoclave

Confidential 370kta T+A

Sailboat 300 kta T+A

Haoda 100kta Autoclave

FPC 70kta Autoclave

Shenhua 2 x 300kta Tubular

Sinopec 3 x100kta Autoclave

Sinochem 100kta Autoclave

Sipchem 200kta Tubular

Borouge 350kta Tubular

Sadara 350kta Tubular

Rabigh II 300kta Tubular

EM HPPE Technology

ExxonMobil HPPE

license offerings

Grass roots tubular

• 450 kta homopolymer

• 300 kta EVA >20% VA

Grass roots autoclave

• 190 kta homopolymer (150 kta w/o tubular tail)

• 180 kta EVA >30% VA (145 kta w/o tubular tail)

Revamps

• Application of ExxonMobil technology to existing

HPPE lines

• Capacity expansion

• Safety improvement

• Higher value products

• Improved product quality and reliability

• Experience with all major HPPE technologies

10 10

ExxonMobil HPPE technology

Formosa, Texas

Tubular. LDPE

~400 kta

Sasol NA, Louisiana

Tubular, LDPE

~420 kta

EM Baton Rouge, Louisiana

Tubular, Autoclave, LDPE/EVA

~400 kta

EM Antwerp, Belgium

Autoclave, LDPE/EVA

~350 kta

EM Meerhout, Belgium

Tubular, LDPE/EVA

~500 kta

Kemya, Saudi Arabia

Tubular, LDPE

~320 kta

Sipchem, Saudi Arabia

Tubular, EVA

~200 kta

Lotte, South Korea

Autoclave + TT, LDPE/EVA

~135 kta

LG Chem, South Korea

Autoclave, LDPE/EVA

~140 kta

Sinopec BYPC, China

Tubular, LDPE/EVA

~ 200 kta

Haoda, China

Autoclave, LDPE/EVA

~100 kta

TPE1, Thailand

Autoclave, LDPE

~ 100 kta

Sasol, South Africa

Tubular

~220 kta

SABIC UK, United Kingdom

Tubular, LDPE

~400 kta

EM Beaumont1, Texas

Tubular, LDPE

~250 kta

Confidential

Autoclave, Tubular, LDPE

~370 kta

Titan, Malaysia

Tubular, LDPE

~ 220 kta

Qenos1, Australia

Autoclave, LDPE

85 kta

1 – Retrofit of other HPPE technologies

Nova Chemicals, Canada

Tubular, LDPE

~185 kta

Grass Root Projects

12 12

View Inside Tubular Reactor Bay

13

Demonstrated Safety Performance

• Safety first consideration in design

• Construction standards,

maintenance & operating

procedures reduce leaks

• Robust design of components –

“leak before break”

• Modular safety systems allow

isolation of affected areas and

minimize emissions

• Non-congested reactor bay

• Gas released in the bay more

easily dispersed

• Ease of maintenance access

• Very low incidence of decomps

Licensee Decomps

EM Decomps

Source: EM Data

14

Proven Mechanical

Reliability

• EM reliability is among the best in

industry

• Maintenance and operations

procedures reduce down time

• Cylinder change <8 hours

• Stirrer change <12 hours

• Condition-based maintenance

• Integrated root cause analysis approach

• Many licensees have

demonstrated comparable

performance

15

EM Tubular Design Features

• Multiple feed/side stream injections of ethylene • Shorter reactor

• Less ethylene to the front requires less steam in the preheater

• Modifier feeds to various inlets allows product “tailoring”

• Reduced pressure drop throughout reactor

• Multiple tube diameters • Higher average pressure – higher conversion, better haze, lower MI, higher

density, narrower MWD

• Optimized velocity improves reactor stability and reduces decompositions

• High average conversion (≈ 34 %) – and, up to 40%

• Cold jacket water temperatures • Improved heat transfer efficiency – shorter reactor and higher conversion

• Improved temperature control – better quality

• High number of reaction zones (peroxide injection) • Flexibility of operating conditions gives broader grade slate and “tailoring”

• High conversion on premium grades of LDPE, high clarity LDPE and MDPE

16

EM Autoclave Design Features

• 1500 liter vessel with proprietary stirrer

• Demonstrated 30%+ VA at 145 kta

• Expandable to 180-190 kta with EM’s Tubular Tail technology

• Specific technology deployed to produce low gel product

• Flexible operations allow a very broad grade slate

• Extrusion coating

• Medium density LDPE (up to 0.935 g/cc)

• HEVA

17

Tubular vs. Autoclave

• Examples of differences in product/ applications:

• Better extrusion coating grades on autoclaves

• Autoclave grades have higher melt strength for same MI - better for foam

applications (e.g. shoe soles)

• Tubular LDPE film grades have better clarity

• Broader MI/ VA window on autoclave reactor

• HEVA (>30% VA) technology demonstrated at larger capacities on

autoclaves

• Only up to 28% VA commercially operating on large tubular reactors

• Larger plot required for tubular reactor

• Lower power consumption for tubular reactor

• Due to size and cost advantages, tubular lines have accounted for

majority of new installations

• However, autoclave projects have seen a resurgence, driven by growth

in photovoltaic and other EVA applications

Revamp Opportunities

19 19

• Capacity debottlenecking

• ~10-25% expansion often low cost

• 25-30% autoclave expansion with tubular tail reactor

• Expansion projects typically lower unit capex than grass roots

• Compressor throughput optimization

• Reduction of raw material use (e.g. initiator, energy, ...)

• Improved wax separation

• Reduce frequency of offline cleaning

• Process and process control

best practices

Expansion and cost reduction

Reduced unit opex with

above projects

Margin improvement

• Grade performance and properties

improvement

• Higher value product gradeslate

• EVA or increased VA content •

High clarity films • Medium density

• Patented technology for solvent-free

products

• Increased yield with optimized

production wheel and grade change

procedures

• Reduced lab tests frequency with on-line

monitoring and advanced controls

• Reduction of gel level

Process design results in product

mix suitable for high-performance

applications

Reliability improvement

• Significant improvement in plant

reliability

• Compressor components life

• Initiator pumps

• Stirrer bearing life

• Shorter shutdowns

• Cylinder change <8 hours

• Stirrer change <12 hours

• Condition-based maintenance

• Integrated root cause analysis approach

• ExxonMobil design standards and

best practices

Reduced maintenance cost

with higher reliability

Ongoing support

• Annual technical exchange meetings

• E-mail and phone consultation

• Site visits

• Design reviews

• Visits and consultation with key

equipment vendors

• Training support

• Experience of all ExxonMobil sites

and other licensees

ExxonMobil support to find

optimum solutions

23 23

Grass Root Projects

• Indian subcontinent LDPE demand growth at ~7-8%

• Self-Sufficient within the region

• Economy of scale

Revamp Opportunites

• Existing smaller LDPE plants with limited EVA capability potentially less

competitive than newer world-scale units

• Revamp with ExxonMobil HPPE technologies has demonstrated

• Improved safety

• Successful expansion

• Increased profitability

• Enhanced reliability

Summary

24

Disclaimer ©2016 ExxonMobil. To the extent the user is entitled to disclose and distribute this document, the user may forward, distribute, and/or photocopy this copyrighted document only if

unaltered and complete, including all of its headers, footers, disclaimers, and other information. You may not copy this document to a web site. The information in this document

relates only to the named product or materials when not in combination with any other product or materials. We based the information on data believed to be reliable on the date

compiled, but we do not represent, warrant, or otherwise guarantee, expressly or impliedly, the merchantability, fitness for a particular purpose, suitability, accuracy, reliability, or

completeness of this information or the products, materials, or processes described. The user is solely responsible for all determinations regarding any use of material or product

and any process in its territories of interest. We expressly disclaim liability for any loss, damage, or injury directly or indirectly suffered or incurred as a result of or related to anyone

using or relying on any of the information in this document. There is no endorsement of any product or process, and we expressly disclaim any contrary implication. The terms,

“we”, “our”, “ExxonMobil Chemical", or “ExxonMobil" are used for convenience, and may include any one or more of ExxonMobil Chemical Company, Exxon Mobil Corporation, or

any affiliates they directly or indirectly steward. ExxonMobil, the ExxonMobil Emblem, and the “Interlocking X” Device are trademarks of Exxon Mobil Corporation.

Thank you