ExxonMobil to Expand Advanced Recycling Capacity
Exxon Mobil Corporation (XOM)
Last exxon mobil corporation earnings: 5/1 07:34 am
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Source: Business Wire
Plans for 1 Billion Pounds Capacity per Year by 2027 $200 million investment adds new units to Beaumont and Baytown sitesProcessed more than 70 million pounds of plastic waste in Baytown so far with proven technologyAdditional advanced recycling units planned for North America, Europe, Asia 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 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,
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