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ExxonMobil exits Mytec, markets own compounds

May 12, 2006

2 Min Read
ExxonMobil exits Mytec, markets own compounds

The two plastics suppliers have agreed, for an unannounced price, that ExxonMobil Chemical will transfer its interest in polypropylene (PP) compounder Mytex Polymers Inc. to a Mitsubishi Chemical Co. (MCC) affiliate in the U.S. ExxonMobil Asia Pacific Private Ltd. will transfer its interest in Mytex AP to Mitsubishi Chemical Singapore PTE Ltd. The transfer is official June 1.

ExxonMobil and MCC formed the Mytex Polymers joint venture in 1987 in the U.S. Mytex U.S. is owned by Mytex Polymers Inc. and MCC affiliate Japan Polychem America LLC. Mytex Polymers Asia Pacific Pte Ltd was formed in 2000 as a joint venture between affiliates of ExxonMobil Chemical and Mitsubishi Chemical Corp.

Most of Mytex''s compounds went into automotive applications. On the same day it announced dissolution of the Mytex JV, ExxonMobil Chemical announced it would market a line of compounded polypropylene for the automotive industry. ExxonMobil Performance Polyolefins are available from ExxonMobil Chemical facilities in North America, Europe, and Asia. "ExxonMobil Chemical has the technology and manufacturing capability to supply a global grade slate of custom-compounded polyolefins to automotive customers," said Dick Grabham, vice president of the company''s Global Polypropylene Business, in a statement.

The supplier says automotive customers are now certifying its grades to various automotive specifications. These compounds are in addition to the neat and impact copolymer PPs ExxonMobil already supplies. The firm''s Exxpol Enhance PP and thermoplastic polyolefins (TPOs) are used in applications such as bumper fascias, step pads, and pillar trim. Other PP grades see use in door and quarter-panel trim, lift-gate trim, consoles, fender liners, fan shrouds and other applications. The supplier also owns the Santoprene line of thermoplastic elastomers and Vistalon EPR and EPDM elastomers, and it supplies Jayflex PVC plasticizers and HDPE, as well as other related materials.-Matt Defosse; [email protected]

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