ExxonMobil to build multi-billion dollar US chem plant - reports

01 June 2012 10:53  [Source: ICIS news]

LONDON (ICIS)--Oil company ExxonMobil plans to build a multi-billion dollar chemical plant in Texas, the US, according to reports on Friday.

The plant could be operational by 2016 and would increase the company’s chemical production capacity, helping it contend with competitors, news agency Reuters reported.

It also said the plant is being built to take advantage of cheap shale gas in North America.

If approved, the plant will be built at ExxonMobil’s Baytown complex and is expected to produce 1.5m tonnes/year of ethylene, Reuters said.

It added that the ethylene will be transferred via pipeline to the company’s Baytown complex, where it will be used in two planned polyethylene production facilities. Each facility is expected to have an annual capacity of 650,000 tonnes/year.

ExxonMobil was not immediately available to comment.

By: Leigh Stringer
+44 208 652 3214

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