ExxonMobil has announced a strategic licensing agreement with Neuvokas Corporation, granting it exclusive rights to sub-license Neuvokas’ proprietary manufacturing process for composite rebar outside of North America. This expands the global market for composite rebar in concrete reinforcement.
The agreement leverages ExxonMobil’s Proxxima™ system, which features ultra-low viscosity and snap cure technology, enabling production speeds up to 20 times faster than traditional methods. This efficiency positions GatorBar® as a cost-competitive alternative to steel rebar.
This collaboration highlights ExxonMobil's commitment to technology innovation and its strategy to diversify its Product Solutions segment with high-performance materials. The venture aims to create value by offering corrosion-free, lightweight, and long-lasting GFRP rebar solutions to the construction industry.
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