Badger Licensing to Provide Cumene Technology to Lihuayi Weiyuan Chemical Company in China

Badger Licensing LLC (Badger) today announced that it was awarded a
contract by Lihuayi Weiyuan Chemical Co., Ltd. (Lihuayi) to provide its
proprietary technology for a 300,000 metric tons per annum grassroots
cumene plant in Dongying City, Shandong Province, People′s Republic of
China. The contract includes technology license, engineering, start-up
services and corresponding training for Lihuayi.

'Badger is committed to bringing reliable, proven technology to our
customers at a low operating and capital cost,? said Mark Healey,
president of Badger. 'We believe this plant will help Lihuayi become a
major player in the Chinese phenolics industry.?

Cumene, a precursor to the production of phenol, bisphenol A and
polycarbonate, has seen strong worldwide growth recently, particularly
in China. More than nine million metric tons of cumene capacity has been
licensed by Badger and its predecessor companies since the technology
was introduced in 1995.

Badger Licensing LLC, headquartered in Cambridge, MA, USA, is a venture
of affiliates of The Shaw Group (NYSE: SHAW) and ExxonMobil
Corporation (NYSE: XOM). Badger Licensing is principally engaged
in marketing, licensing, and developing technologies for ethylbenzene,
styrene monomer, cumene, and bisphenol A. The venture also supplies
basic engineering packages for the licensed processes through Shaw.
Catalyst is supplied to Badger′s licensees by ExxonMobil Catalyst
Technologies LLC.

Editor's Notes:

1. Badger Licensing LLC is a joint venture between Badger Technology
Holdings LLC (affiliate of The Shaw Group Inc.) and Alkylation Licensing
LLC (affiliate of ExxonMobil Corporation).

Badger Licensing LLC

Mary Kelleher, 1.617.494.7217

mary.kelleher@badgerlicensing.com