ExxonMobil plans to expand PE capacity by 65% at Beaumont plant
by ChemOrbis Editorial Team - content@chemorbis.com
According to a release from the company, ExxonMobil declared that it is planning to expand its PE capacity by 65% at its Beaumont plant in Texas. The company will add a new facility which is going to increase its capacity of high performance PE by almost 650,000 tons/year.
The new production unit will meet increasing demand for high performance plastics. The company started the construction of the new unit and it is expected to start up in 2019. The plant’s current PE production capacity is 1 million tons/year. It is reported that the large supply of domestic shale gas enables the expansion for meeting strong demand.
ExxonMobil added two similar PE units to its Mont Belvieu Plastics Plant in Texas as well as the Beaumont Project. The multi-billion dollar investment for these expansions will increase the company’s capacity by 40% and bring it to almost 2 million tons/year. This will make Texas ExxonMobil’s largest PE supply source.
The new production unit will meet increasing demand for high performance plastics. The company started the construction of the new unit and it is expected to start up in 2019. The plant’s current PE production capacity is 1 million tons/year. It is reported that the large supply of domestic shale gas enables the expansion for meeting strong demand.
ExxonMobil added two similar PE units to its Mont Belvieu Plastics Plant in Texas as well as the Beaumont Project. The multi-billion dollar investment for these expansions will increase the company’s capacity by 40% and bring it to almost 2 million tons/year. This will make Texas ExxonMobil’s largest PE supply source.
More free plastics news
Plastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...- Upsurge continues to wreak havoc on Turkey’s PP, PE markets
- PVC rally roars back in Asia as supply worries mount
- China PP, PE markets join global rally after Lunar New Year holiday
- PE, PP and PVC supply crunch exacerbated on US absence, traditional trade flows upended
- European PP, PE markets set for 5th bullish month as shortage bites
- Turkey shattered as PP prices shoot up to surreal levels
- Polymer markets face one of most chaotic times
- Turnaround season set to get underway in Asia
- Crude oil heals COVID-inflicted wounds; now what lies ahead?
- Global shipping turmoil deepens, adding to the upheaval in plastic resins
