Mitsubishi Heavy Industries, Ltd. (MHI), Mitsubishi Heavy Industries Compressor Corporation (MCO) and Mitsubishi Hitachi Power Systems, Ltd. (MHPS) have announced their collaboration with Exxon Mobil Corporation (ExxonMobil) to develop and explore new applications for their latest H-100 gas turbines as well as state-of-the-art compressor technologies to reduce liquefied natural gas (LNG) unit costs. The overriding aims of the collaboration are to reduce the complexity of LNG processing plants, lower their lifecycle costs, and cut plant emissions through enhancements to MHPS's existing two-shaft gas turbine technology.

The H-100 is a high-efficiency, heavy-duty, high-reliability, and low-maintenance gas turbine providing output in the medium range. Benefits of two-shaft gas turbines for LNG mechanical drive are reduced footprint, broad variable-speed operation, and full-pressure start-up.

"ExxonMobil is widely recognized as an industry leader in terms of both project execution and efficiency," commented MHI President & CEO Shunichi Miyanaga. "Collaboration with ExxonMobil will offer us the benefit of the company's technical expertise, insights, and experience in LNG projects as we develop the next generation of gas turbines – systems that will be even more efficient and cost-effective and will reduce emissions in LNG applications. We are very pleased that ExxonMobil has qualified MHPS' H-100 gas turbine technology for use in LNG facilities, and we look forward to continuing this work to further develop technology to reduce LNG costs, maximize plant operating rates, and provide stable operation over the long term."

The MCO-MHPS LNG main refrigeration package is a good example of how MHI's oil & gas business is currently focused on unifying the Company's product lineup to meet market needs.

About Mitsubishi Heavy Industries, Ltd. (MHI)

Mitsubishi Heavy Industries, Ltd. (MHI) shifted to a structure of 4 business domains as a framework that will better foster business expansion in global markets, enable greater development of new areas of business, and allow for expeditious implementation of M&A's. The new domains, superseding the previous structure of 9 business segments, are "Energy & Environment," "Commercial Aviation & Transportation Systems," "Integrated Defense & Space Systems" and "Machinery, Equipment & Infrastructure," arranged on the basis of their respective markets, customer bases, core technologies and business strategies. With the shift to its new domain structure MHI seeks to manifest its comprehensive strengths and to exploit greater synergies in a quest to achieve a stronger global market presence as a company that supports social and industrial infrastructures.

About ExxonMobil

ExxonMobil (NYSE:XOM), the largest publicly traded international oil and gas company, uses technology and innovation to help meet the world’s growing energy needs. ExxonMobil holds an industry-leading inventory of resources, is among the largest refiners and marketers of petroleum products and its chemical company is one of the largest in the world.