ExxonMobil Chemical Co.
ExxonMobil officials described the move as "a new approach to service and partnership with customers and the broader value chain."
The petrochemical company pushed back against California Attorney General Rob Bonta's claims, saying the problem with plastics recycling lies at government's feet.
ExxonMobil shareholders voted down a proposal to have the company study financial risks from future market scenarios like the global plastics treaty leading to less plastic demand.
Higher energy prices in Europe have played a role in ExxonMobil Corp. and Sabic closing units making the plastic feedstock ethylene and some resins in that region.
ExxonMobil Chemical has added more than 1.5 billion pounds of specialty materials production in Baytown, Texas.
ExxonMobil Corp.'s plans to create 1 billion pounds of chemical recycling capacity has the company considering several locations currently.
The company's new facility is designed to recycle 80 million pounds of used plastics each year, a higher capacity than ExxonMobil said would be available when it first announced the project.
ExxonMobil said the new capacity meets growing demand for high-performance, lightweight and durable plastics, particularly for automotive parts that can improve fuel efficiency.
ExxonMobil is set to bring new production capacity for olefinic elastomers on stream as part of a $2 billion expansion at its Baytown, Texas site.
The operation includes two PE units with combined annual production capacity of almost 3 billion pounds, as well as a monoethylene glycol (MEG) unit with a capacity of more than 2.4 billion pounds per year.
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