ExxonMobil to Increase Beaumont Polyethylene Capacity by 65 Percent
November 14 2016 - 1:00PM
Business Wire
- New facility will add 650,000 tonnes of
high performance polyethylene per year
- Abundant supply of domestic shale gas
enables expansion to meet strong product demand
- ExxonMobil investing billions along
U.S. Gulf Coast; creating thousands of jobs
ExxonMobil announced today plans to add a new production unit at
its Beaumont polyethylene plant that will increase capacity by 65
percent – or approximately 650,000 tonnes per year -- to meet
growing demand for high performance plastics.
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As the U.S. continues to produce abundant
supplies of oil and natural gas, ExxonMobil is investing billions
of dollars along the U.S. Gulf Coast to help meet growing global
energy demand. (Photo: Business Wire)
ExxonMobil is a leader in the manufacture of polyethylene
products for packaging applications that deliver light-weight,
tough, damage-resistant films. Construction of the new unit has
begun at the plant, where current polyethylene production capacity
is one million tonnes per year. Startup is expected in 2019.
As the U.S. continues to produce abundant supplies of oil and
natural gas, ExxonMobil is investing billions of dollars along the
U.S. Gulf Coast to help meet growing global energy demand. These
investments will not only expand existing refining and chemical
capacity, but also stimulate economic growth and create jobs. In
fact, ExxonMobil’s investments could create more than 28,000
temporary jobs in construction and more than 1,200 permanent jobs
over the next few years and beyond.
“The availability of vast new supplies of U.S. shale gas and
associated liquids for feedstock and energy is a significant
advantage that enables expansion to meet strong global demand
growth in polyethylene,” said Cindy Shulman, vice president of
ExxonMobil’s plastics and resins business.
The Beaumont project builds on supply advantages created by
ExxonMobil’s expansion of its Mont Belvieu Plastics Plant in Texas,
where two similar polyethylene units are being added. Combined,
this multi-billion dollar investment will increase the company’s
U.S. polyethylene production by 40 percent, or nearly two million
tonnes per year, making Texas the largest polyethylene supply point
for ExxonMobil.
“ExxonMobil is committed to continuing investments in its
world-class, integrated facilities,” Shulman said. “We combine our
state-of-the-art production expertise with a first-class technology
organization, which enables us to offer innovative polyethylene
products for applications such as flexible food packaging that
increases product shelf life and safety.”
The Beaumont expansion project will employ 1,400 construction
workers and create 40 permanent jobs upon completion, as well as
generate $20 billion in economic activity in the first 13 years of
operation based on 2015 Impact Data Source estimates.
“We’re part of the growth in an area that is primed for new
business,” said Jason Duncan, manager of the Beaumont polyethylene
plant. “The expansion of the polyethylene plant is now ExxonMobil’s
third significant investment in the Beaumont area over the past 18
months, the impact of which will benefit the local economy in the
years to come.”
ExxonMobil’s previously announced investments at Beaumont
include expansion of the refinery’s crude refining capacity in 2015
and, earlier this year, construction of a new unit to increase
domestic supply of ultra-low sulfur gasoline and diesel.
About ExxonMobil Beaumont
ExxonMobil’s integrated operations in Beaumont, Texas, include
refining and chemical manufacturing. The operations have 2,100
employees, accounting for one out of every 7 jobs in the Beaumont
area, according to the economic analysis firm, the Perryman
group.
About ExxonMobil Chemical Company
ExxonMobil Chemical Company is one of the largest petrochemical
companies worldwide. The company holds leadership positions in some
of the largest-volume and highest-growth commodity petrochemical
products in the world. ExxonMobil Chemical Company has
manufacturing capacity in every major region of the world, serving
large and growing markets. More than 90 percent of the Company’s
chemical capacity is integrated with large refineries or natural
gas processing plants. To learn more, visit
www.exxonmobilchemical.com.
Cautionary Statement: Statements of future events or conditions
in this release are forward-looking statements. Actual future
results, including project plans, schedules, and capacities and
local impacts, could differ materially due to factors such as
changes in prices of oil, gas, or petrochemicals and other market
factors affecting the chemical industry and the supply and demand
for our products; the occurrence and duration of economic
recessions; timely completion of construction projects and
unforeseen technical or operating difficulties; legal or regulatory
events; the actions of competitors; and other factors discussed
under the heading Factors Affecting Future Results on the Investors
page of our website at exxonmobil.com.
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