Exxon Expands Research Facility

Aconex user based enterprise partner, Exxon Mobil is massively expanding its research centre in Clinton- NJ to meet the demands of new energy technology. Good news for this user-based agreement.

The expanded facility in Clinton will include a new engine testing center, a lubricant research and development blend plant and enhancements to existing facilities to accommodate employees relocating from its research facility in Paulsboro, N.J.

From the original Exxon Aconex enterprise agreement announcement: “We are pleased with this opportunity to partner with ExxonMobil at the enterprise level and serve their global project network ... We have helped them deliver large, complex projects in multiple regions over the years, and now we look forward to supporting standardization and process optimization across their engineering and construction portfolio.

This is a strategic win with significant implications for us in the oil and gas industry,” Aconex CEO Leigh Jasper said in the media release.

http://www.rigzone.com/news/oil_gas/a/145410/australias_aconex_wins_4_year_contract_from_exxonmobil

EXXONMOBIL STARTS EXPANSION OF R&D FACILITY IN CLINTON, NEW JERSEY
Vicky Denton
OCTOBER 16, 2017


Vijay Swarup, vice president of research and development, ExxonMobil Research and Engineering Company, with Clinton Township Mayor John Higgins during the expansion groundbreaking. (Photo: Business Wire)

ExxonMobil, the largest publicly traded international energy company, has broken ground on the expansion of its research facility in Clinton, N.J., U.S.A., a key center of innovation that supports the company’s broad research and development programs.

The expanded facility in Clinton will include a new engine testing center, a lubricant research and development blend plant and enhancements to existing facilities to accommodate employees relocating from its research facility in Paulsboro, N.J.

Expansion of the facility, home to ExxonMobil’s fundamental and process research and development, including advancing algae biofuel and carbon capture technologies, is expected to be completed in 2019.

“The expansion of our New Jersey research and engineering center will improve collaboration across our organisation and enhance our ability to accelerate breakthroughs in new and emerging technologies,” said Bruce March, president of ExxonMobil Research and Engineering Company.

“By co-locating our research and development and products technology organisations in Clinton, we expect to bring potential new technologies online faster and at the scale necessary to meet the world’s growing needs for energy.”

ExxonMobil is engaged in a broad range of programs and partnerships focused on developing scalable, energy solutions to meet global demand while minimising environmental impacts and mitigating the risk of climate change.

“Our research addresses key elements of the dual challenge we currently face, which means supplying energy for modern life and improving living standards while minimising impacts on the environment, including the risks of climate change,” said Vijay Swarup, vice president of research and development.

“By consolidating our research capabilities under one roof and fully leveraging the expertise in all of our departments, we hope to develop scalable solutions that drive both long-term shareholder and societal value.”

ExxonMobil also works with about 80 universities around the world to explore next-generation energy technologies.

The company collaborates with Energy Centers at Princeton University, Massachusetts Institute of Technology (MIT) and the University of Texas at Austin as part of its commitment to finding meaningful and scalable solutions to meet global energy demand.

https://fuelsandlubes.com/exxonmobil-starts-expansion-of-rd-facility-in-clinton-new-jersey/
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This post is based on my own research and is not investment advice. When making investment decisions, always DYOR.