High quality base stocks
Bryan Milton, President of ExxonMobil Fuels & Lubricants Company: “Now that the Rotterdam project is complete, ExxonMobil becomes the only world scale Group II base stock producer in Europe, and the largest Group I and Group II producer globally, allowing us to more effectively serve our global customer base. The Rotterdam project is in addition to other previously announced global base stock production expansions at ExxonMobil’s Baytown, Texas and Singapore refineries. These investments underscore the benefits of our business integration and technology advantage to increase production of higher value finished products.”
Technological Innovations as Part of the Solution
It is through the constant commitment to technology and innovation that ExxonMobil contributes to finding solutions to the dual challenge: the rising demand for affordable energy on the one hand and the risks of climate change on the other. The company invests $1 billion annually in research and development, including low-emission technologies such as CO2 capture and storage, or carbon capture and storage (CCS), and advanced biofuels such as from algae. "We therefore welcome the CCS initiative from the Port of Rotterdam and Port of Antwerp to develop infrastructure that can facilitate the capture and storage of CO2 and look forward to exploring opportunities for cooperation,” said Michielsen.
About ExxonMobil in the Netherlands
ExxonMobil’s presence in the Netherlands dates back to 1891. ExxonMobil is also the oldest U.S. industrial company in the Netherlands. The refinery in Rotterdam has a production capacity of approximately 190,000 barrels per day and supplies the market with low-sulfur petroleum products, high quality lubricants and feedstock for the chemical industry. In addition to the refinery, the company also has a lubes plant and four petrochemical plants in the Rotterdam area. The fuels and lubricants are sold under the Esso and Mobil brands.
In the Netherlands, 1,400 people work for ExxonMobil. Over the last 15 years, ExxonMobil has invested over 6 billion euros in the Netherlands. On average, ExxonMobil spends 1.2 billion Euro per year with over 3.000 Dutch suppliers and service providers in the Netherlands. Since 2000, ExxonMobil committed over 2 million Euro in community investment programs, mainly in the Rotterdam area.