ExxonMobil to Expand Advanced Recycling Capacity
Plans for 1 Billion Pounds Capacity per Year by 2027
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investment adds new units to$200 million Beaumont andBaytown sites -
Processed more than 70 million pounds of plastic waste in
Baytown so far with proven technology -
Additional advanced recycling units planned for
North America ,Europe ,Asia
“We are solutions providers, and this multi-million-dollar investment will enhance our ability to convert hard-to-recycle plastics into raw materials that produce valuable new products,” said Karen McKee, president of ExxonMobil Product Solutions. “At our
The investment will add 350 million pounds per year of advanced recycling capacity at
ExxonMobil has advanced recycling customers in more than 15 countries across multiple sectors, including food-safe packaging and pet food, and demand is increasing.
Advanced recycling complements traditional, mechanical recycling by transforming plastic waste into raw materials that can be used to make many valuable products – from fuels to lubricants to high-performance chemicals and plastics. Advanced recycling can address a broader range of plastic waste that won’t be mechanically recycled and may otherwise be buried or burned.
Advanced recycling is a vital element of a circular economy. Circularity includes the entire life cycle of plastics, from designing products to be more easily recycled to improving waste management systems.
“The world’s plastic waste challenge will be solved with innovation, collaboration, and supportive government policy to improve waste management and circularity,” said McKee. “ExxonMobil is doing its part by developing scalable technology, investing in recycling infrastructure and helping our customers meet their circularity goals.”
The company’s first
About ExxonMobil
ExxonMobil, one of the largest publicly traded international energy and petrochemical companies, creates solutions that improve quality of life and meet society’s evolving needs.
The corporation’s primary businesses – Upstream, Product Solutions and Low Carbon Solutions – provide products that enable modern life, including energy, chemicals, lubricants, and lower emissions technologies. ExxonMobil holds an industry-leading portfolio of resources, and is one of the largest integrated fuels, lubricants, and chemical companies in the world. ExxonMobil also owns and operates the largest CO2 pipeline network in
In 2021, ExxonMobil announced Scope 1 and 2 greenhouse gas emission-reduction plans for 2030 for operated assets, compared to 2016 levels. The plans are to achieve a 20
With advancements in technology and the support of clear and consistent government policies, ExxonMobil aims to achieve net-zero Scope 1 and 2 greenhouse gas emissions from its operated assets by 2050. To learn more, visit exxonmobil.com and ExxonMobil’s Advancing Climate Solutions.
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Source: Exxon Mobil Corporation