Badger Selected by Innova S.A. To Supply Technology for Ethylbenzene Plant in Brazil.

CAMBRIDGE, Mass. -- Badger Licensing LLC today announced the award of a technology license for proprietary EBMax(sm) Process Technology by Innova S.A. Innova plans to construct a new ethylbenzene plant with a capacity of 540,000 metric tons per annum in the South Petrochemical Complex, Triunfo County, State of Rio Grande do Sul, Brazil. The plant is scheduled for completion early in 2008.

In addition to the technology license, Badger will supply the Basic Engineering Package to a local engineering contractor for execution of detailed engineering.

Frank Demers, President of Badger Licensing, stated, "We are extremely pleased that Innova has selected the EBMax Technology for this project. When complete it will be the largest ethylbenzene plant in South America and will bring the total EBMax licensed capacity to seven and one half million metric tons per annum worldwide."

Badger Licensing LLC, headquartered in Cambridge, MA, is a joint venture of affiliates of the Shaw Group (NYSE:SGR) and ExxonMobil Chemical Company (NYSE:XOM). Badger Licensing is principally engaged in marketing, licensing, and developing technologies for ethylbenzene, styrene monomer, cumene, and bisphenol A. The joint venture also supplies catalysts and basic engineering packages for these processes.

Editor's Notes:

1. EBMax(sm) is a service mark of ExxonMobil Corporation and a proprietary process name.

2. 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 Chemical Company).