ExxonMobil to Expand Advanced Recycling Capacity [Yahoo! Finance]
Exxon Mobil Corporation (XOM)
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Source: Yahoo! Finance
Processed more than 70 million pounds of plastic waste in Baytown so far with proven technology Additional advanced recycling units planned for North America, Europe, Asia SPRING, Texas, November 21, 2024 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, we've proven advanced recycling works at scale, which gives us confidence in our ambition to pro
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News
- Trump's Energy Picks Signal Policy Shift [Yahoo! Finance]Yahoo! Finance
- Exxon Mobil's (NYSE:XOM) investors will be pleased with their strong 111% return over the last three years [Yahoo! Finance]Yahoo! Finance
- Exxon, under fire over plastic recycling, spending $200 million to expand Texas plants [Yahoo! Finance Canada]Yahoo! Finance Canada
- Exxon, under fire over plastic recycling, spending $200 million to expand Texas plants [Yahoo! Finance]Yahoo! Finance
- ExxonMobil to Expand Advanced Recycling CapacityBusiness Wire
XOM
Earnings
- 11/1/24 - Beat
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Sec Filings
- 11/12/24 - Form 8-K
- 11/4/24 - Form 10-Q
- 11/1/24 - Form 8-K
- XOM's page on the SEC website