Exxonmobil Extends Relationship with Exel

Energy giant taps logistics service provider to operate Baton Rouge facility

Energy giant taps logistics service provider to operate Baton Rouge facility

Columbus, OH — June 17, 2004 — ExxonMobil has signed an agreement to have logistics services provider Exel operate a 500,000-square-foot warehouse, currently under construction, for the energy giant's Baton Rouge, La., polymer storage.

The Baton Rouge facility, expected to be fully operational before the end of 2004, is part of a larger, integrated supply chain solution.

In addition to operating the warehouse, Exel will provide design and facility construction consulting services aimed at helping ExxonMobil to develop a solution that optimizes efficiencies in the supply chain at the site. As part of its solution, Exel will also provide transportation shuttle services between local ExxonMobil plants and the new warehouse.

"We needed a strategic partner with capabilities in designing, building and managing high-density storage solutions in the polymer industry," said Frank Bondurant, venture manager with ExxonMobil. "Exel proved it has those capabilities."

"Exel's 20-year collaborative relationship with ExxonMobil facilitated the design of the Baton Rouge supply chain solution," said Mark Johnson, senior director of customer development in Exel's chemical sector. "We used our knowledge of ExxonMobil's strategic growth objectives to design a warehouse that meets its current and future needs."

Added Johnson: "The Baton Rouge project allowed us to leverage our expertise and strategic partnerships in real estate and construction management. We collaborated with our partner, Arco Construction Company, to co-design the warehouse to improve storage efficiency and allow for special storage and handling requirements."

In addition to the Baton Rouge project, Exel's campus in Houston, Texas, provides warehousing, packaging and transportation management services for ExxonMobil's products. Exel also manages North American transportation for many ExxonMobil business units.

UK-headquartered Exel employs more than 74,000 people in 1,600 locations in more than 120 countries worldwide. The company has annual revenues of about $8.3 billion.