Exxon Considers Expanding Polypropylene Production Along Gulf Coast
March 20 2018 - 10:05AM
Dow Jones News
By Sarah Coffey
Exxon Mobil Corp. (XOM) on Tuesday said it has started working
on engineering plans for a potential U.S. Gulf Coast project that
would expand its polypropylene manufacturing capacity by up to
450,000 tons a year.
The Texas-based energy giant said it expects to make a final
decision regarding the project later this year. The facility would
cost several hundred million dollars, with startup as early as
2021, the company said.
The facility would help meet growing demand for
high-performance, lightweight durable plastics and produce advanced
polypropylene products that could be used in high-performance
automotive, appliance, and packaging applications, the company
said.
"Most of our planned investment in the Gulf Coast region is
focused on supplying emerging markets like Asia with high-demand
products, which ultimately will spur new economic growth locally,"
said John Verity, president of Exxon's chemical division.
The investment would be one of 13 new facilities planned to
expand Exxon's chemical manufacturing capacity in North America and
Asia Pacific by about 40%, the company said.
Exxon in January said it plans to spend $50 billion to expand
its business in the U.S. in the next five years.
Write to Sarah Coffey at sarah.coffey@wsj.com
(END) Dow Jones Newswires
March 20, 2018 09:50 ET (13:50 GMT)
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