ExxonMobil Tests Advanced Recycling of Plastic Waste at Baytown Facilities
February 25 2021 - 10:00AM
Business Wire
- Developing capability to convert plastic waste into valuable
products at scale
- Proprietary process leverages existing integrated
facilities
- Plans to market ISCC+ certified circular polymers later this
year
ExxonMobil has completed the initial phase of a plant trial of a
proprietary advanced recycling process for converting plastic waste
into raw materials for production of high-value polymers. The
trial, at the company’s existing facilities in Baytown, Texas,
marks another step in ExxonMobil’s efforts to help reduce plastic
waste in the environment and maximize resource recovery.
ExxonMobil intends to use results from the Baytown trial to
scale-up advanced recycling capabilities at other global
facilities, targeting a circular solution for converting
difficult-to-recycle plastic waste into feedstock for
virgin-quality plastic.
“ExxonMobil is taking action to help address the issue of
plastic waste,” said Karen McKee, president of ExxonMobil Chemical
Company. “This advanced recycling initiative brings together the
strength of ExxonMobil’s integrated petrochemical facilities and
our deep technology expertise in chemical processing to capture
value from plastic waste and meet our customers’ growing demand for
high-performance, certified circular polymers.”
ExxonMobil has already obtained certifications through the
International Sustainability and Carbon Certification Plus (ISCC+)
process. ISCC+ is widely recognized by industry as an effective
system to certify products that result from advanced recycling of
plastic waste. Pending a successful completion of the next phase of
the Baytown plant trial, the company plans to market commercial
volumes of certified circular plastics later this year.
ExxonMobil has also formed a joint venture with Agilyx
Corporation, Cyclyx International LLC, focused on developing
innovative solutions for aggregating and pre-processing large
volumes of plastic waste that can be converted into feedstocks for
valuable products. Cyclyx will help supply ExxonMobil’s advanced
recycling projects, and will aim to do the same for other
customers.
The company supports making the most of resources and minimizing
waste, which are the underlying principles of the circular economy
concept. Advanced recycling, along with innovation and new
processes, will play an important role in reducing plastic
waste.
ExxonMobil is founding member of the Alliance to End Plastic
Waste, which is focused on accelerating investment in safe,
scalable and economically viable solutions to help address the
challenge of plastic waste in the environment.
About ExxonMobil
ExxonMobil, one of the largest publicly traded international
energy companies, uses technology and innovation to help meet the
world’s growing energy needs. ExxonMobil holds an industry-leading
inventory of resources, is one of the largest refiners and
marketers of petroleum products, and its chemical company is one of
the largest in the world. To learn more, visit exxonmobil.com and
the Energy Factor.
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Cautionary Statement
Statements of future events or conditions in this release are
forward-looking statements. Actual future results, including
project plans, test results, scaling and expanding current
research, the impacts of new technologies, and the creation of new
sources of supply for industrial processes, could vary depending on
the outcome of further research and testing; the development and
competitiveness of alternative technologies; the ability to scale
pilot projects on a cost-effective basis; political and regulatory
developments; and other factors discussed in this release, in Item
1A. “Risk Factors” in ExxonMobil’s Annual Report on Form 10-K for
2020, and under the heading “Factors Affecting Future Results” on
the Investors page of ExxonMobil’s website at
www.exxonmobil.com.
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