ExxonMobil, BASF to jointly develop new technologies for natural gas processing and petroleum refining

ExxonMobil Catalysts and Licensing LLC and BASF Corporation have signed an alliance agreement to jointly develop new gas treating solvents and process technologies for use in natural gas processing and petroleum refining. Under this new agreement, BASF will market and license technologies developed from this collaboration, along with its OASE brand and ExxonMobil’s Flexsorb brand.

Chris Birdsall, President of ExxonMobil Catalysts and Licensing LLC, commented: The alliance leverages our collective expertise to meet customer needs by providing technologies to increase capacity, reduce energy consumption, and meet tighter sulfur specifications.

Heidi Alderman, Senior Vice President, Intermediates, for BASF Corporation., said, “By bringing together two highly capable research and development teams, we expect to accelerate technology development and reduce the time to market.”