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Exxon plans to invest in US Gulf Coast chemical, refining projects

by ChemOrbis Editorial Team -
  • 07/03/2017 (12:03)
According to Reuters, Exxon Mobil Corp. is planning to make an investment of $20 billion in the US Gulf Coast with an aim to expand its chemical and oil refining plants by 2022.

The planned expansion, some of which started in 2013, will take place in Texas and Louisiana and include increasing its PE production, oil refining capacity and liquefied natural gas exports.

The company is also planning to build a new refinery to produce ethane, which will be used for chemical production, the reports indicated.

The investment made in two regions will also enable the company to benefit from shale gas to produce plastic and other chemical products.
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