Exxon Mobil Acquires High-Performance Structural Polymers Company Materia Inc.

Exxon Mobil and Materia have been collaborating since 2017 on the development of new hydrocarbon-based materials that are stronger, lighter and more durable than existing thermoset products such as epoxy.

Business Wire

Exxon Mobil Chemical Co. has acquired California-based Materia Inc., a technology company that has pioneered the development of a Nobel prize-winning technology for manufacturing a new class of materials, the company said on Dec. 7. The innovative materials can be used in a number of applications, including wind turbine blades, electric vehicle parts, sustainable construction, and anticorrosive coatings.

Exxon Mobil and Materia have been collaborating since 2017 on the development of new hydrocarbon-based materials that are stronger, lighter and more durable than existing thermoset products such as epoxy.

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