ExxonMobil Ethane Cracker in Texas Begins OperationsExxonMobil Ethane Cracker in Texas Begins Operations
July 26, 2018
ExxonMobil commenced operations at its new ethane cracker at the company’s chemical and refining complex in Baytown, TX, marking the completion one of the largest investment projects initiated in the U.S. by the oil and gas firm, a press release announced Thursday. Capable of producing 1.5 million tn/yr of ethylene feedstock, the cracker will serve ExxonMobil’s polyethylene production lines in Mont Belvieu.
“Our new ethane cracker will help us meet growing global demand for high performance plastic products that deliver key sustainability benefits such as lighter packaging weight, lower energy consumption, and reduced emissions, further enhancing our competitiveness worldwide,” John Verity, president of ExxonMobil Chemical Company, said in a statement. “The abundance of domestically produced oil and natural gas has reduced energy costs and created new sources of feedstock for U.S. Gulf refining and chemical manufacturing while creating jobs and expanding economic activity in the area.”
The combined economic impact of the ethane cracker in Baytown and the plastic plant in Mont Belvieu are expected to generate $870 million in the region each year and $90 million in local tax revenues. About 350 new permanent positions were created as a result of the project.
ExxonMobil’s recent expansion in Texas is part of the company’s Growing the Gulf initiative, which aims to bolster the company’s chemical, refining, lubricant, and liquefied natural gas capabilities in Texas and Louisiana.
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