Oil & Gas
EXXONMOBIL has started production on a new high-performance polyethylene line at its Beaumont, Texas polyethylene plant. The expansion increases plant production capacity by 65 percent or 650,000 tons per year, bringing site capacity to nearly 1.7 million tons per year.
This expansion builds upon supply advantages created by ExxonMobil’s two new performance polyethylene lines which began production in 2017 at the company’s manufacturing site in Mont Belvieu, Texas. Together, these multi-billion dollar investments will help meet strong global demand growth for polyethylene, particularly high-performance products used for liquid and food packaging, construction liners and agricultural films.
Karen McKee, president, ExxonMobil Chemical Company, said: “The availability of new supplies of domestically produced natural gas liquids provides us with a significant advantage when expanding polyethylene production to meet worldwide demand growth. Our unique polyethylene products offer enhanced performance benefits to our customers, including strength and ease of processing, compared with commodity products.”
The project created 2,000 jobs during peak construction and currently supports approximately 40 permanent jobs. Operations associated with the Beaumont expansion are expected to increase regional economic activity by $20 billion in the first 13 years, according to research completed in 2015 by Impact Data Source.
Beaumont’s polyethylene plant expansion is part of ExxonMobil’s 2017 Growing the Gulf initiative, which included plans to build and expand manufacturing facilities along the U.S. Gulf Coast, creating more than 45,000 high-paying jobs across the region.
ExxonMobil, the largest publicly traded international oil and gas company, uses technology and innovation to help meet the world’s growing energy needs. ExxonMobil holds an industry-leading inventory of resources, is one of the largest refiners and marketers of petroleum products, and its chemical company is one of the largest in the world.
– July 26, 2019 @ 17:15 GMT |
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