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...- March hints at further hikes in European PP, PE markets
- India’s PVC market dips to new lows on Taiwan’s March cuts, players seek signs of bottom
- Q1 turnarounds uplift Mid-East PP, PE markets in February; will it spill over to March?
- SE Asia’s indefinite PE shutdowns: A market in crisis as demand woes threaten survival
- Türkiye’s PPH markets perform better than copolymers in February
- Margin recovery priorities outweigh supply imbalances in European PVC markets
- Asian PVC demand stagnant; recovery hopes shift to end of Q1
- Tough slog in S Korea’s petchem industry spells disappointing 2024 financial results; will government's recent plan help weather the storm?
- China’s PP, PE markets face post-holiday supply surge and tepid demand
- A tug-of-war unfolds in Türkiye as PVC demand struggles against rising costs
