fbpx
Sunday, September 27th, 2020
Home » Development » Exxon to invest $2B into Houston area petrochemical expansion
Photo of Baytown petrochemical plant

Exxon to invest $2B into Houston area petrochemical expansion

PortandTerminal.com, May 4, 2019

Exxon Mobil will invest $2 billion into expanding its Baytown chemical complex. The company says that the project is an add-on to its $20-billion-plus “Growing the Gulf” series of projects to build and expand manufacturing facilities along the U.S. Gulf Coast.

Houston, TX – Located about 25 miles from Houston along the Houston Ship Channel, Exxon’s Baytown plant is the largest integrated petrochemical complex in the U.S. Exxon Mobil Corp plans to invest an additional $2 billion in a three-year expansion project at its Baytown, Texas, chemical complex, the company said on Thursday.

Exxon will add a plant producing 400,000 tons of polymers a year and an olefins plant that will produce 350,000 tons of feedstocks for polyethylene, waxes and lubricating oils at Baytown by 2022.

It is another step in Exxon’s pivot to take advantage of light sweet crude being produced in the Permian Basin of Texas.

Exxon is also expanding its 365,644-barrel-per-day Beaumont, Texas, refinery with the addition of a 250,000-bpd crude distillation unit to process crude from the Permian.

“Our Baytown chemical expansion will put us in a solid position to maximize the value of increased Permian Basin production and will deliver higher-demand, higher-value products produced at our Gulf Coast refining and chemical facilities,” said Darren Woods, Exxon chairman and chief executive officer.

Learn More

Related Content

Copyright © 2019 PortandTerminal.com. All rights reserved. This material may not be published, broadcast, written or redistributed.

Check Also

Factory robots building a car

China Far Outpaces America in Bringing Robots to Factories

BLOOMBERG, SEPTEMBER 24, 2020 Record 2.7 million robots work in factories around the world | …

Woman on bicycle. Mask. Smog. City

China Pledges to Be Carbon Neutral By 2060

REUTERS, SEPTEMBER 23, 2020 By Valerie Volcovici WASHINGTON, Sept 22 (Reuters) Chinese President Xi Jinping …