Exxon, under fire over plastic recycling, spending $200 million to expand Texas plants [Yahoo! Finance Canada]
Exxon Mobil Corporation (XOM)
Last exxon mobil corporation earnings: 5/1 07:34 am
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Source: Yahoo! Finance Canada
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 million in Texas to expand so-called circularity operations in a global effort to build the capacity to process 1 billion pounds (454 million kg)of waste annually by 2027. The company calls its recycling technology Exxtend. California filed a lawsuit against Exxon in September, alleging the company was deliberately misleading the public about the limitations of recycling. Exxon rejects allegations that it misleads t
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XOM
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]Yahoo! Finance
- ExxonMobil to Expand Advanced Recycling Capacity [Yahoo! Finance]Yahoo! Finance
- ExxonMobil to Expand Advanced Recycling CapacityBusiness Wire
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