XOM Exxon Mobil Corp

By Colin Kellaher

Exxon Mobil Corp. on Monday said it plans to build its first large-scale advanced recycling facility in Texas as the energy giant steps up efforts to reduce plastic waste.

Exxon Mobil said it expects the plant at its Baytown complex near Houston to start operations by the end of next year, with an initial planned capacity to recycle 30,000 metric tons of plastic waste annually.

The company noted that a smaller, temporary facility is already producing commercial volumes of certified circular polymers that would be available by the end of 2021 to meet growing demand.

Exxon Mobil also said it is developing plans to build about 500,000 metric tons of advanced recycling capacity around the world by 2026. The company said it is collaborating with Plastic Energy on an advanced recycling plant in France, and that it is assessing sites in the Netherlands, the U.S. Gulf Coast, Canada, and Singapore.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

October 11, 2021 08:05 ET (12:05 GMT)

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