Thursday, 21 November 2024
Home News ExxonMobil to Expand Advanced Recycling Capacity

The following content is a news release distributed by . The original news release may be found here.

ExxonMobil to Expand Advanced Recycling Capacity

SPRING, Texas--(BUSINESS WIRE)--ExxonMobil (NYSE: XOM) 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 inve...

Read the full news release here

Related Articles

FILE PHOTO: The logo of American multinational oil and gas corporation ExxonMobil is seen during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/File Photo
ChemicalsCourtsIndustryOilPolitics

Exxon, under fire over plastic recycling, spending $200 million to expand Texas plants

California filed a lawsuit against Exxon alleging the company was deliberately misleading...

People walk with the Baku Olympic Stadium in the background during the the UN climate summit (Peter Dejong/AP)
Climate FinancePoliticsUnited Nations

UN chief tells countries to ‘soften hard lines’ amid deadlock in climate talks

“Amidst geopolitical divisions and uncertainties, the world needs countries to come together...

FILE PHOTO: A drilling rig on a lease owned by Oasis Petroleum performs logging operations in the Permian Basin oil and natural gas producing area near Wink, Texas U.S. August 22, 2018. Picture taken August 22, 2018. REUTERS/Nick Oxford/File Photo
FuelNatural Gas

US natural gas drillers to lift 2025 output, reversing year of cuts

Rising demand for natural gas exports should boost average annual gas prices...

People walk at the entrance of the venue of the United Nations climate change conference COP29, in Baku, Azerbaijan November 18, 2024. REUTERS/Murad Sezer
Climate FinancePoliticsUnited Nations

New proposals published on COP29 climate finance target

The goal of COP29 is to agree how much money richer countries...

Login into your Account

Please login to like, dislike or bookmark this article.