ExxonMobil Chemical Co. is adding a new line at its Baytown, Texas, complex that will produce 400,000 metric tons a year of its Vistamaxx-brand specialty elastomer, more than doubling its global capacity for the material.
The project is part of a $2 billion expansion project at Baytown that the company said will maximize the value of increased production from the Permian shale oil basin, the company said in a May news release.
In addition, ExxonMobil said in mid-May that it had completed the expansion of its Santoprene-brand thermoplastic vulcanizate facility in Wales.
The new Vistamaxx line in Baytown will be incorporated into the existing chemical plant, said Lyn Greenwood, the project manager for the expansion project. She said construction is expected to be completed in the second half of 2021 with operations beginning in 2022.
"This investment shows our continued commitment to the market," Greenwood said.
She said the $2 billion Baytown project is in addition to ExxonMobil's "Growing the Gulf" initiative that it announced in 2017 and is aimed at building and expanding manufacturing facilities along the U.S. Gulf Coast. The firm did not break out how much of the investment is targeted for the Vistamaxx line.
"Our substantial investments in the U.S. support ExxonMobil's long-term growth plans and will result in thousands more high-paying jobs," Darren Woods, ExxonMobil chairman and CEO, said in a statement. "Through the billions of dollars that we're investing in the Permian Basin to increase oil production and the expansion of our operations along the Gulf Coast, our company is making significant, lasting contributions to the U.S. economy and the many communities where we operate."