Exxon Mobil Corp. started up two new chemical production units at its manufacturing complex in Baytown, Texas, the company said on Sept. 19.
The $2 billion expansion project included a new performance polymers line capable of producing 400,000 metric tons per year of polymer modifiers—which are used to enhance the performance of chemical products used to make automotive parts, packaging applications and more.
The Spring, Texas-based supermajor is also entering a new chemical market with a linear alpha olefins production unit in Baytown. The new unit is capable of producing 350,000 tons per year of linear alpha olefins, which are used in surfactants, plastic packaging and other applications.
“With startup of these two new lines, ExxonMobil is delivering high-value materials for a variety of products that society depends on every day,” Karen McKee, president of Exxon’s Product Solutions segment, said in a Sept. 19 news release. “We achieved excellent safety performance by leveraging our expertise to plan and execute large projects, while providing meaningful investment in the U.S. Gulf Coast.”
Once fully operational, the chemical expansion project in Baytown will directly employ 200 workers, Exxon said. The project supported over 3,500 jobs during the construction phase.
Exxon’s 3,400-acre manufacturing complex in Baytown includes a refinery, chemical plant, olefins plant, plastic plant and a technology center.
RELATED: Exxon Mobil, Chevron Profits Slump, but Permian Itch Persists
Recommended Reading
CGG to Change Name to Viridien
2024-05-17 - The company’s new ticker symbol will be “VIRI” and listed on Euronext Paris, effective May 21.
Sector’s Appetite for Capital Remains Amid Consolidation Frenzy, Panelists Say
2024-05-17 - There’s still an appetite for capital in the oil and gas sector—companies just need to think creatively to find it, a number of panelists said during SUPER DUG in Fort Worth, Texas.
SilverBow Resets Shareholder Meeting After $2.1B Crescent Deal
2024-05-16 - SilverBow Resources said it will adjourn its May 21 shareholders’ meeting until May 29 following Crescent Energy’s agreement to buy the Eagle Ford operator.
Blue Racer Midstream Prices Senior Notes Offering
2024-05-15 - Net proceeds from the sale of senior notes will be used to pay off debt and other general corporate purposes.
Petrobras CEO Prates to Step Down
2024-05-15 - Brazil’s President Luiz Inácio Lula da Silva has requested that Petrobras CEO Jean Paul Prates resign following a dispute over dividend payments.