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