You are currently viewing: News



02-05-2019

ExxonMobil announces Baytown chemical expansion project

ExxonMobil said today that it will proceed with a $2 billion investment to expand its Baytown, Texas chemical plant, which will create approximately 2,000 jobs during construction and contribute to the approximate 15 percent return the company expects from its chemical investments.

The Baytown expansion is in addition to the company’s 2017 Growing the Gulf initiative, which outlined plans to build and expand manufacturing facilities along the U.S. Gulf Coast, creating more than 45,000 high-paying jobs across the region.

“Our substantial investments in the United States support ExxonMobil’s long-term growth plans and will result in thousands more high-paying jobs,” said Darren W. Woods, ExxonMobil chairman and chief executive officer. “Through the billions of dollars that we’re investing in the Permian Basin to increase oil production and the expansion at our operations along the Gulf Coast, our company is making significant, lasting contributions to the U.S. economy and the many communities where we operate.”

ExxonMobil commissioned Ernst & Young to examine the contributions the company made to the U.S. economy in 2017 – the year the Growing the Gulf initiative was launched. The research concluded that during 2017, ExxonMobil contributed more than $43 billion to the U.S. gross domestic product and direct, indirect and induced economic activity supported nearly 177,000 jobs across the country.

“This research, focused on a single year, is a powerful snapshot of how our business in the United States directly benefits the American economy,” said Woods. “It underscores the many ways that the company and our employees are contributing to prosperity across the country.”

The Ernst & Young research also found that in 2017:
* ExxonMobil’s U.S. operations supported nearly $6.72 billion of direct labor income – averaging $208,000 per worker in total annual compensation, including wages and benefits.
* The impact of ExxonMobil’s operations and investments includes more than $7 billion of tax and royalty payments.
* The company made capital investments in 20 states.
Woods said the company’s recent investments, such as a major expansion of oil and gas production in the Permian Basin and the planned expansion at Baytown, will continue to boost the U.S. economy.

“Our Baytown chemical expansion will put us in a solid position to maximize the value of increased Permian Basin production and will deliver higher-demand, higher-value products produced at our Gulf Coast refining and chemical facilities,” said Woods.

“Global demand for chemicals is expected to be greater than energy demand growth and GDP growth over the next 20 years,” Woods said.

The expansion, expected to start up in 2022, includes a new Vistamaxx™ performance polymer unit, which produces products that offer higher levels of elasticity, softness and flexibility, attributes that contribute to a reduction in materials used and increased performance in everyday products. The new unit will produce about 400,000 tons of Vistamaxx™ polymers a year.

The project will also enable ExxonMobil to enter the linear alpha olefins market. Linear alpha olefins are used in numerous applications, including high-performing engine and industrial oils, waxes and building blocks for surfactants, polyethylene plastic for packaging, and other specialty chemicals. The new unit will produce about 350,000 tons of linear alpha olefins a year.

ExxonMobil’s Baytown facility 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 global technology center.
Sponsor : 

Other News Items

Hyundai Chemical Company selects UNIPOL™ PE technology from Univation

Hyundai Chemical Company, Ltd. has chosen Univation Technologies’ UNIPOL™ PE Technology for a 300 kTA high-density polyethylene (HDPE) plant to be located ...

20-05-2019

Demand for industrial and specialty gases to create investment opportunities

Registering a steady CAGR of 4.9%, the global market for air separation plant will reach a valuation of US$ 7,891.1 Mn by 2028, with China holding majority of the global ...

17-05-2019

KBR awarded FEED contract for Oman LNG debottlenecking project

KBR Inc, announced today it has been awarded a Front End Engineering Design (FEED) contract by Oman LNG L.L.C for the debottlenecking of their facility at Sur in the ...

15-05-2019

Emerson introduces new 2-wire coriolis flow meter

Emerson has released the Micro Motion 4200 2-wire loop-powered Coriolis transmitter, a new design that makes it possible to replace existing 2-wire flow devices with ...

14-05-2019

KBR selected as preferred bidder for freeport LNG train 4 EPC project

KBR, Inc. announced today it has been selected by Freeport LNG Development, L.P. as the preferred bidder for the engineering, procurement, construction, and commissioning ...

13-05-2019

ADNOC awards Bilfinger three EPC contracts

The Abu Dhabi National Oil Company (ADNOC) has awarded Bilfinger three separate projects in the first quarter of 2019. The contracts, secured by Bilfinger's Middle East ...

09-05-2019

Wison Engineering completes 600 KTA MTO and 100 KTA butadiene project

Wison Engineering successfully handed over its EPC project of 600 KTA MTO plant and 100 KTA butene-to-butadiene plant to the project owner - Nanjing Chengzhi Yongqing ...

08-05-2019

Clariant and Wuxi Xiyuan win further contracts for formaldehyde production projects

Clariant, a focused and innovative specialty chemical company, today announced that it will be collaborating with its engineering partner, Wuxi Xiyuan, in two new projects ...

07-05-2019

Zeeland refinery bridges gap in planning and scheduling with Aspen Technology

Aspen Technology Inc, the asset optimization™ software company, today announced that Zeeland Refinery, a joint venture between Total and Lukoil in Western Europe, ...

07-05-2019

Siemens and TÜV SÜD partner to strengthen digital safety and security

Siemens and TÜV SÜD have come together to address the growing risk of cyberattacks on critical infrastructure by collaborating to provide digital safety and ...

06-05-2019