ExxonMobil Begins Production on New Polyethylene Line at Mont Belvieu Plastics Plant
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First of two 650,000 tons-per-year polyethylene lines starts production
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Project is a component of ExxonMobil’s $20 billion Growing the Gulf
expansion initiative
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First polyethylene shipment to be exported from the Port of Houston
later this month
ExxonMobil Chemical Company announced today that it has commenced
production on the first of two new 650,000 tons-per-year
high-performance polyethylene lines at its plastics plant in Mont
Belvieu, Texas.
The full project, part of the company’s multi-billion dollar expansion
project in the Baytown area and ExxonMobil’s broader Growing
the Gulf expansion initiative, will increase the plant’s
polyethylene capacity by approximately 1.3 million tons per year.
The Mont Belvieu plant capacity will total more than 2.5 million tons
per year, making it one of the largest polyethylene plants in the world.
These performance polyethylene products will deliver significant
sustainability benefits enabling lighter weight higher performance
packaging, lower energy consumption and reduced emissions.
A significant portion of Mont Belvieu polyethylene will be exported from
the Port of Houston later this month. At peak, the site will ship more
than 200 containers a day.
“The expansion of our Mont Belvieu facility further enhances our ability
to meet growing global demand for high-performance polyethylene products
around the world,” said Neil Chapman, president of ExxonMobil Chemical
Company. “The investments we’re making through our Growing the Gulf
initiative will not only expand our existing manufacturing and export
capacity, but will further stimulate local economic growth and create
thousands of full-time jobs.”
ExxonMobil is planning to invest more than $20 billion over 10 years to
build and expand manufacturing facilities in the U.S. Gulf region. These
projects are expected to create more than 45,000 jobs, including more
than 12,000 full-time jobs. The expansion covers 11 major chemical,
refining, lubricant and liquefied natural gas projects along the Texas
and Louisiana coasts.
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.
About ExxonMobil Baytown Area
ExxonMobil’s Baytown area is the largest integrated petrochemical
complex in the U.S. and is one of the most technologically advanced
refining and petrochemical complexes in the world. Founded in 1919, the
complex is located on approximately 3,400 acres along the Houston Ship
Channel, about 25 miles east of Houston. The facility includes a
refinery, chemical plant, olefins plant, plastics plant and a global
technology center.
Cautionary Statement: Statements of future
events or conditions in this release are forward-looking statements.
Actual future results, including project plans, schedules, costs and
capacities, demand growth, efficiency gains and economic 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.
Note to the editor:
The term “ExxonMobil Chemical” refers collectively to some or all of the
companies affiliated with Exxon
Mobil Corporation (NYSE:XOM) which have chemical manufacturing
and/or marketing operations around the world.
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