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Ondeo Nalco has purchased ExxonMobil Chemical Co.'s 40% interest in the Nalco/Exxon Energy Chemicals LP (NEEC) joint venture. NEEC is wholly owned by Ondeo Nalco and will continue as a limited partnership, under the direction of NEEC president and CEO Jack Shubert. The NEEC joint venture was formed in 1994 to create specialty chemical products for the oil field, refining, petrochemical process, and fuel additive markets. NEEC reports $500million/year in sales and employs 1,800 people. The business will continue to be managed from NEEC's headquarters in Sugar Land, Texas, while NEEC's support functions and supply chain operations will be integrated within the next 3 months into the Ondeo Nalco operations.