ExxonMobil Completes New Polyethylene Lines at Mont Belvieu Plastics Plant
May 22 2017 - 11:00AM
Business Wire
- The two high-performance polyethylene
lines increase capacity by 1.3 million tons per year
- Startup expected during the third
quarter of 2017
- 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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