ExxonMobil to Move Forward on $2B Gulf Coast Expansion

May 3, 2019

3 Min Read
ExxonMobil to Move Forward on $2B Gulf Coast Expansion
A sign marking the entrance to an ExxonMobil facility in Baytown, TX. Image courtesy of Google Maps

Oil and gas firm ExxonMobil announced Thursday that the company plans to move forward on a $2 billion expansion of its Baytown, TX chemical production facility. Once completed, the new assets are expected to generate a 15% return for the company’s investments in chemicals. 

Part of Exxon’s Growing the Gulf Initiative, the newly-revealed project will include a new Vistamaxx performance polymer unit capable of producing 400,000 tn/yr of the material. The expansion will also assist the firm in accessing the linear alpha olefins market with the installation of a new line that can manufacture 350,000 tn/yr. 

“Our Baytown chemical expansion will put is in a solid position to maximize the value of increased Permian Basin production and will deliver higher-demand, higher-value products produced at our Gulf Coast refining and chemical facilities,” Darren W. Woods, chief executive officer and chairman of Exxon, said in a statement. “Global demand for chemicals is expected to be greater than energy demand growth and GDP growth over the next 20 years.”

The new lines are slated to become operational in 2022. Exxon’s Baytown complex is the largest integrated petrochemical complex in the U.S., according to the company. The site houses a refinery, chemical plant, olefins plant, plastics production facility, and a global technology center. 

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