HOUSTON, Texas – ExxonMobil Chemical has announced the sale of its Vistanex LM polyisobutylene business to BASF. For an interim period, ExxonMobil will manufacture and sell the product to BASF, who in turn will sell it to its customers while it qualifies new products to meet their needs. It is estimated that ExxonMobil Chemical will discontinue its Vistanex manufacturing operations later this year.

ExxonMobil Chemical will continue to manufacture the product at its Baytown, TX, facility and will supply these grades worldwide.