ExxonMobil to Invest over $1 Billion to Increase Cleaner Diesel Supply

(BUSINESS WIRE)--ExxonMobil Refining & Supply today announced it will invest more than $1 billion in three refineries to increase the supply of cleaner burning diesel by about six million gallons per day. The company will construct new units and modify existing facilities at its Baton Rouge, Louisiana; Baytown, Texas; and Antwerp, Belgium, refineries.

“This underscores the company's ongoing commitment to meeting the growing needs of the marketplace, while, at the same time, providing cleaner burning fuels to consumers. Our increase in diesel production at these three sites will be equal to the diesel produced from about four average-size refineries,” said Sherman Glass, President, Refining & Supply. “In combination with cleaner-burning engines and the latest vehicle emissions control technologies, this low sulfur diesel reduces emissions in both on-road transportation, and off-road industrial sectors.”

This investment is the latest phase in ExxonMobil's efforts to increase supplies and reduce the sulfur content of both motor gasoline and diesel. In 2000, the company began an integrated approach to convert and modify refineries, terminals and pipelines to provide ultra low sulfur fuel products.

By 2010, the refineries’ modifications and expansions are expected to be completed, increasing production of diesel with sulfur levels of 15 parts per million (ppm) or less.

About ExxonMobil Refining & Supply

ExxonMobil Refining & Supply operates a global network of reliable and efficient manufacturing plants, transportation systems, and distribution centers that provide a range of fuels, lubricants, and other high-value products and feedstocks to our customers around the world.

About ExxonMobil Baytown, Baton Rouge and Antwerp Refineries

* The Baytown Refinery is the largest oil refinery in the United States, with a crude capacity of approximately 567,000 barrels per day.
* The Baton Rouge Refinery is the second-largest oil refinery in the United States, with a crude capacity of approximately 503,000 barrels per day.
* The Antwerp Refinery is the second largest ExxonMobil refinery in Europe, with a crude capacity of approximately 305,000 barrels per day.

CAUTIONARY STATEMENT: Business plans discussed in this release are forward-looking statements. Actual future results, including capital expenditures and the impact of refinery upgrades, could differ materially due to changes in applicable law or regulation; changes in supply and demand for diesel fuels; the outcome of commercial negotiations; technical or operating factors; and other factors discussed under the heading "Factors Affecting Future Results" on the "Investors" section of our website at www.exxonmobil.com.

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ExxonMobil's Methanol to Gasoline (MTG) Technology Selected for Synthesis Energy Systems’ Coal to Liquids Projects

BUSINESS WIRE --ExxonMobil Research and Engineering Company (EMRE) today (September 29, 2008) announced that it has entered into an agreement with Synthesis Energy Systems (SES) that provides SES the option to execute up to fifteen Methanol to Gasoline technology licenses in their global operations. SES has chosen to assign the first license to a project near Benwood, West Virginia.

This approximate 7,000 barrel per calendar day unit will be based on commercially proven MTG technology which incorporates improvements since the technology was originally commercialized by ExxonMobil 20 years ago in New Zealand.

MTG converts crude methanol directly to low sulfur, low benzene gasoline that can be sold directly or blended with conventional refinery gasoline. Although the original application of the MTG technology processed methanol from natural gas, the same technology can be used for methanol from other sources such as coal, petcoke or biomass. The SES projects will gasify the coal, convert the synthetic gas to methanol, and then convert the methanol to gasoline via the MTG process. Conversion of coal to gasoline through gasification and methanol conversion is one way to significantly reduce the potential pollutants from coal, including the reduction of SOx emissions and the capture of CO2.

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