US oil conglomerate announces $1.9bn expansion of processing plant

/ News & Interviews / Sunday, 09 September 2018 06:07

US multinational oil and gas company Exxon Mobil has formally announced that it is planning a $1.9bn expansion of its Baytown petrochemical complex.

The world’s largest publicly listed oil company is set to add two-unit plastics processing plant on the north side of Exxon Mobil’s Baytown complex according to reports circulating in US media. A representative for the energy behemoth said that the ambitious project is still under evaluation, but declared that the new construction would create 25 new permanent jobs at a starting salary of $62,971.

It has been further disclosed that construction on the new processing plant is expected to begin in mid-2021 and is projected to be completed by 2023.

The expansion plans were outlined in a detailed application for Chapter 313 tax exemptions with the Goose Creek Consolidated Independent School District. Chapter 313 tax exemptions can be granted by school districts for qualifying projects.

The proposed expansion would follow Exxon Mobil's recent start-up of a multi-billion petrochemical plant at the Baytown complex, which includes a cracker that processes the natural gas liquid ethane into into ethylene, the primary feedstock for most plastics. The expansion increased ethylene production by 1.5 million metric tons a year.

The company also recently completed an expansion at its Mont Belvieu plant, adding 1.3 million tons of production capacity to make polyethylene, the world's most common plastic.

In addition to this, Exxon Mobil which is headquartered in Irving, Texas has also announced that it is partnering with Saudi Arabia's government-owned Saudi Arabia Basic Industries Corp. or SABIC to build a $10 billion chemicals and plastics complex north of Corpus Christi.

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