ExxonMobil Chemical Co.
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.
The purchase of Materia Inc. looks to further commercialize that company's Proxima brand of polymers.
Gulf Coast Growth Ventures, the ExxonMobil and Sabic joint venture, will have annual polyethylene resin capacity of almost 3 billion pounds.
Officials with ExxonMobil Chemical saw rays of hope in a challenging time for the plastics industry when they walked the halls at K 2019.
An ExxonMobil spokeswoman said the 41 injured workers were being treated for non-life-threatening injuries. Another 28 workers were assessed but did not require treatment. Industry watchers said it is difficult to gauge the impact on the market.
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