21-11-2024
ExxonMobil to expand advanced recycling capacity at Beaumont and Baytown sites
ExxonMobil plans to invest more than $200 million to expand its advanced recycling operations at its sites in Baytown and Beaumont, Texas. The new operations are expected to start up in 2026 and can help increase advanced recycling rates and divert plastic from landfills. The company plans to build additional units to reach a global recycling capacity of 1 billion pounds per year by 2027.
“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 Baytown site, we’ve proven advanced recycling works at scale, which gives us confidence in our ambition to provide the capacity to process more than 1 billion pounds of plastic per year around the world. We’re proud of this proprietary technology and the role it can play in helping establish a circular economy for plastics and reducing plastic waste.”
The investment will add 350 million pounds per year of advanced recycling capacity at Baytown and Beaumont, bringing ExxonMobil’s total capacity to 500 million pounds per year. The company is continuing to develop additional advanced recycling projects at manufacturing sites in North America, Europe and Asia, with the goal of reaching 1 billion pounds per year of recycling capacity globally by 2027.
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 Baytown facility started up in 2022 and represents one of the largest advanced recycling facilities in North America, having processed more than 70 million pounds of plastic waste as of October 2024. ExxonMobil helped to form joint venture Cyclyx in 2021 to improve the collection and sortation of plastic waste.
News Category:
-
Exploring industrial analytics alternatives in the manufacturing 4.0 Era
(Webinar) - In the Manufacturing 4.0 era, industrial organizations have more data at their fingertips than ever, offering the promise of higher production rates, more ...
11-12-2024
-
Can process electrification accelerate decarbonization of refining and petrochemicals?
(Webinar) - Is electrification the right fit to decarbonize the oil and gas sector? Despite global efforts, CO2 emissions continue to rise, placing the O&G industry ...
05-12-2024
-
Breaking feedstock barriers with HTW® gasification technology
(Webinar) - In the race to achieve net-zero emissions by 2050, industries are facing unprecedented challenges in meeting ambitious targets for sustainable fuels and chemicals. ...
03-12-2024
-
Plug Power partnership with Burckhardt Compression yields successful hydrogen liquefaction
Making green hydrogen a readily available fuel relies on rapidly building production facilities. Companies like Plug Power are leading the way, creating an end-to-end ...
21-11-2024
-
McDermott awarded FEED contract for Ascension Clean Energy project
Clean Hydrogen Works and McDermott announce that CHW has awarded McDermott the front-end engineering and design contract for the Ascension Clean Energy Project. The project ...
21-11-2024
-
MOL Group to cooperate with KazMunayGas on oil, gas and petrochemical opportunities
MOL Group and Kazakhstani national oil company KazMunayGas have signed today a cooperation agreement to jointly explore opportunities in the oil, gas and petrochemical ...
21-11-2024
-
ExxonMobil to expand advanced recycling capacity at Beaumont and Baytown sites
ExxonMobil plans to invest more than $200 million to expand its advanced recycling operations at its sites in Baytown and Beaumont, Texas. The new operations are expected ...
21-11-2024
-
Novel sulfur removal pathways to aid energy reduction and decarbonisation
Decarbonisation and energy efficiency are key economic drivers for refining and petrochemical operators globally, along with emphasis on minimizing sulphur emissions. ...
21-11-2024
-
Pulsar Helium agreement with Chart Industries for Helium and CO2 capture and production
Pulsar Helium Inc, the helium project development company, is pleased to announce that its wholly owned Minnesotan subsidiary, Keewaydin Resources Inc, has signed an ...
20-11-2024
-
Kent and AIQ announce AI-driven engineering solutions
Kent, a leading global engineering and digital solutions provider, and AIQ, the Abu Dhabi-based AI champion developing innovative solutions for the energy sector, have ...
20-11-2024