How To Reach C&ENACS Membership Number


July 28, 2003
Volume 81, Number 30
CENEAR 81 30 p. 11
ISSN 0009-2347


Symyx Reels In Big ExxonMobil Contract


In a huge deal, high-throughput experimentation specialist Symyx Technologies has inked a five-year alliance with ExxonMobil worth more than $200 million.

ExxonMobil Chemical has been a Symyx customer for catalyst discovery in polymers and olefins. But ExxonMobil Research & Engineering will now use Symyx tools to discover new catalysts and products in petrochemicals, lubricants, and refining.

Symyx CEO Steve Goldby says the new alliance “evolved from a successful history of working together.” He cites a six-month period in which the companies discovered a catalyst to improve olefin steam cracker product streams.

Goldby says Symyx will execute research projects for ExxonMobil, which will also buy high-throughput tools and research techniques from Symyx and standardize around Symyx software for data gathering and analysis. “The objective here is not outsourcing research; the objective is to transform the way in which ExxonMobil does research,” Goldby says.

In addition to the $200 million in services, licensing, and product revenues, Symyx says it could receive additional royalties for commercial products arising from the alliance. With $21 million from ExxonMobil this year, the company expects total 2003 revenues of $75 million to $85 million. In addition, Symyx says it needs to hire about 40 new employees.

Symyx says its relationships with ExxonMobil competitors such as Celanese, Dow, and BP are not in jeopardy.


Chemical & Engineering News
Copyright © 2003 American Chemical Society

Related Stories
[C&EN, Jul. 21, 2003]

[C&EN, Jul. 21, 2003]

[C&EN, Mar. 17, 2003]

[C&EN, Apr. 7, 2003]

Related Sites
Symyx Technologies


E-mail this article to a friend
Print this article
E-mail the editor

Home | Table of Contents | Today's Headlines | Business | Government & Policy | Science & Technology | C&EN Classifieds
About C&EN | How To Reach Us | How to Advertise | Editorial Calendar | Email Webmaster

Chemical & Engineering News
Copyright © 2003 American Chemical Society. All rights reserved.
• (202) 872-4600 • (800) 227-5558

CASChemPortChemCenterPubs Page