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The two high-performance polyethylene lines increase capacity by 1.3
million tons per year
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Startup expected during the third quarter of 2017
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Project is a component of ExxonMobil’s Growing the Gulf expansion
initiative
ExxonMobil Chemical Company announced today the mechanical completion of
two new 650,000 tons per year high performance polyethylene lines at its
plastics plant in Mont Belvieu, Texas. The company expects production to
begin during the third quarter of 2017.
Part of a previously announced multi-billion dollar expansion project in
the Baytown area, the polyethylene lines will process ethylene feedstock
from the new
steam cracker currently under construction at the Baytown complex.
“As an early mover to complete a polyethylene project fueled by the
shale gas revolution, this world-scale, state-of-the-art facility will
double the plant’s production capacity, making it one of the largest
polyethylene plants in the world,” said Neil Chapman, president of
ExxonMobil Chemical Company.
This project enables ExxonMobil Chemical to economically supply a
rapidly growing demand for high-value polyethylene products. These
high-performance products deliver sustainability benefits such as
lighter packaging weight, lower energy consumption and reduced
emissions. The finished polyethylene product will be shipped to
customers around the world.
The Baytown expansion project is one of 11 ExxonMobil announced as part
of its 10-year, $20 billion Growing
the Gulf initiative. Projects planned or under way are expected to
create more than 35,000 construction jobs and more than 12,000 full-time
jobs.
“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 demand. These investments will not
only expand existing refining and chemical capacity, but also stimulate
economic growth and create jobs,” Chapman said.
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, and
capacities and efficiency and business results, 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 which have chemical
manufacturing and/or marketing operations around the world.
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