Exxon, under fire over plastic recycling, spending $200 million to expand Texas plants [Yahoo! Finance]
Exxon Mobil Corporation (XOM)
Last exxon mobil corporation earnings: 5/1 07:34 am
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Source: Yahoo! Finance
The company's Exxtend technology converts waste into new plastic, which will be sold as certified recycled plastics. This move comes as Exxon faces a California lawsuit alleging it misled the public about the limitations of recycling. The expansion will increase the company's capacity to process plastic waste, with its Baytown and Beaumont plants expected to handle up to 500 million pounds by 2026. By Erwin Seba HOUSTON (Reuters) - Exxon Mobil Corp, which is facing a California lawsuit over its alleged role in global plastic waste pollution, will expand plastics recycling that allows it to replace fossil fuels with discarded bottles and bags, the company said on Thursday. The move by one of the world's largest polymer producers comes amid growing concerns about slow-to-disintegrate plastics filling landfills, leaching into ground water and creating potential health hazards. Exxon, which is championing pyrolysis techniques that convert waste into new plastic, will spend $200 mi
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XOM
Earnings
- 11/1/24 - Beat
XOM
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