ExxonMobil is investing US$ 200 million (EUR 190 million) in its plastics recycling operations in Texas. The investment will add almost 160 000 tonnes of annual capacity at Baytown and Beaumont, bringing ExxonMobil’s total capacity to 227 000 tonnes per year.
The expansion of the facilities in Baytown and Beaumont will be completed by 2026. By growing its recycling operations, the company aims to realise a global recycling capacity of roughly 455 000 tonnes per year by 2027.
Confident
‘This multi-million-dollar investment will enhance our ability to convert hard-to-recycle plastics into raw materials that produce valuable new products,’ says 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 boost recycling around the world. We’re proud of our proprietary technology and the role it can play in helping establish a circular economy while reducing plastic waste.’
McKee adds that ExxonMobil is committed to developing additional advanced recycling projects at its manufacturing sites across North America, Europe and Asia.
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