ExxonMobil to Expand Advanced Recycling Capacity
ExxonMobil (NYSE: XOM) announces plans to invest over $200 million to expand advanced recycling operations at Baytown and Beaumont, Texas. The expansion will add 350 million pounds per year of recycling capacity, bringing total capacity to 500 million pounds annually. The company aims to reach 1 billion pounds of global recycling capacity by 2027 through additional projects in North America, Europe, and Asia. The Baytown facility, operational since 2022, has already processed over 70 million pounds of plastic waste. The new operations are expected to start in 2026, serving customers in more than 15 countries across multiple sectors.
ExxonMobil (NYSE: XOM) annuncia piani per investire oltre 200 milioni di dollari per espandere le operazioni di riciclo avanzato a Baytown e Beaumont, in Texas. L'espansione aggiungerà 350 milioni di libbre di capacità di riciclo all'anno, portando la capacità totale a 500 milioni di libbre all'anno. L'azienda punta a raggiungere 1 miliardo di libbre di capacità globale di riciclo entro il 2027 attraverso ulteriori progetti in Nord America, Europa e Asia. L'impianto di Baytown, operativo dal 2022, ha già trattato oltre 70 milioni di libbre di rifiuti di plastica. Si prevede che le nuove operazioni inizino nel 2026, servendo clienti in più di 15 paesi in diversi settori.
ExxonMobil (NYSE: XOM) anuncia planes para invertir más de 200 millones de dólares para expandir las operaciones de reciclaje avanzado en Baytown y Beaumont, Texas. La expansión añadirá 350 millones de libras por año de capacidad de reciclaje, elevando la capacidad total a 500 millones de libras anualmente. La empresa tiene como objetivo alcanzar 1 mil millones de libras de capacidad global de reciclaje para 2027 mediante proyectos adicionales en Norteamérica, Europa y Asia. La instalación de Baytown, que está en funcionamiento desde 2022, ya ha procesado más de 70 millones de libras de desechos plásticos. Se espera que las nuevas operaciones comiencen en 2026, atendiendo a clientes en más de 15 países en múltiples sectores.
엑슨모빌 (NYSE: XOM)은 텍사스 주 베이타운과 보몬트에 고급 재활용 운영을 확장하기 위해 2억 달러 이상을 투자할 계획을 발표했습니다. 이 확장은 연간 3억 5천만 파운드의 재활용 용량을 추가하여 총 용량을 연간 5억 파운드로 늘릴 것입니다. 회사는 2027년까지 북미, 유럽 및 아시아의 추가 프로젝트를 통해 10억 파운드의 글로벌 재활용 용량을 달성하는 것을 목표로 하고 있습니다. 2022년부터 운영 중인 베이타운 시설은 이미 7천만 파운드 이상의 플라스틱 폐기물을 처리했습니다. 새로운 운영은 2026년부터 시작될 것으로 예상되며, 15개국 이상의 다양한 분야의 고객에게 서비스를 제공할 것입니다.
ExxonMobil (NYSE: XOM) annonce des projets d'investissement de plus de 200 millions de dollars pour agrandir ses opérations de recyclage avancé à Baytown et Beaumont, au Texas. Cette expansion ajoutera 350 millions de livres de capacité de recyclage par an, portant la capacité totale à 500 millions de livres annuellement. L'entreprise vise à atteindre 1 milliard de livres de capacité de recyclage mondiale d'ici 2027 grâce à des projets supplémentaires en Amérique du Nord, en Europe et en Asie. L'installation de Baytown, opérationnelle depuis 2022, a déjà traité plus de 70 millions de livres de déchets plastiques. Les nouvelles opérations devraient commencer en 2026, servant des clients dans plus de 15 pays dans plusieurs secteurs.
ExxonMobil (NYSE: XOM) kündigt an, über 200 Millionen Dollar in die Ausweitung seiner fortschrittlichen Recyclinganlagen in Baytown und Beaumont, Texas, zu investieren. Die Erweiterung wird 350 Millionen Pfund an jährlicher Recyclingkapazität hinzufügen und die Gesamtkapazität auf 500 Millionen Pfund pro Jahr erhöhen. Das Unternehmen strebt an, bis 2027 eine globale Recyclingkapazität von 1 Milliarde Pfund durch zusätzliche Projekte in Nordamerika, Europa und Asien zu erreichen. Die Anlage in Baytown, die seit 2022 in Betrieb ist, hat bereits über 70 Millionen Pfund an Kunststoffabfällen verarbeitet. Die neuen Anlagen sollen voraussichtlich 2026 in Betrieb genommen werden und Kunden in mehr als 15 Ländern aus verschiedenen Sektoren bedienen.
- $200 million investment in advanced recycling expansion
- 350 million pounds additional annual recycling capacity
- Proven technology with 70 million pounds already processed at Baytown
- Growing customer base across 15+ countries
- On track for 1 billion pounds global capacity by 2027
- None.
Insights
This
The investment strengthens ExxonMobil's position in the growing sustainable materials market, with customer presence in 15+ countries. The focus on hard-to-recycle plastics addresses a critical market gap and environmental need. This expansion aligns with increasing regulatory pressure and corporate commitments to reduce plastic waste, potentially creating new revenue streams while mitigating environmental risks.
The advanced recycling expansion significantly enhances ExxonMobil's vertical integration in the petrochemicals value chain. The technology's ability to convert plastic waste into raw materials for high-value products like food-safe packaging creates a competitive advantage in the specialty chemicals market. The Baytown facility's successful operation demonstrates operational excellence and scalability.
The strategic placement of additional units across global manufacturing sites optimizes logistics and market access. The Cyclyx joint venture strengthens the supply chain for plastic feedstock, addressing a critical bottleneck in the recycling industry. This integrated approach to circular economy infrastructure positions ExxonMobil as a leader in sustainable materials technology.
Plans for 1 Billion Pounds Capacity per Year by 2027
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$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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