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Released November 26, 2024 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--Exxon Mobil Corporation (NYSE:XOM) (Spring, Texas) said it plans to invest more than $200 million to expand advanced recycling capacity at its chemical plant in Beaumont, Texas, and refinery in Baytown, Texas. Advanced recycling refers to breaking down plastic waste into raw materials. ExxonMobil uses the technology to produce products such as fuels, lubricants and high-performance chemicals and plastics.
The energy major said new operations are expected to start in 2026 and can help divert plastic from landfills.
"We are solutions providers, and this multi-million-dollar investment will enhance our ability to convert hard-to-recycle plastics into raw materials that produce valuable new products," said Karen McKee, president of ExxonMobil Product Solutions, in a November 21 press release. "At our Baytown site, we've proven advanced recycling works at scale, which gives us confidence in our ambition to provide the capacity to process more than 1 billion pounds of plastic per year around the world. We're proud of this proprietary technology and the role it can play in helping establish a circular economy for plastics and reducing plastic waste."
The investment will add 350 million pounds per year of advanced recycling capacity, bringing ExxonMobil's total capacity to 500 million pounds per year. "The company is continuing to develop additional advanced recycling projects at manufacturing sites in North America, Europe and Asia, with the goal of reaching 1 billion pounds per year of recycling capacity globally by 2027."
Subscribers to Industrial Info's Global Market Intelligence (GMI) Refining and Chemical Processing Project and Plant databases can read detailed information on the Baytown and Beaumont recycling projects and click here for the related plant profiles.
Industrial Info is tracking projects across the U.S. aimed at waste and plastic recycling, including another from ExxonMobil: a planned $75 million project at its Joliet Refinery in Illinois. The new recycling unit will convert plastics into an oil-like material that will feed the refinery's delayed coker unit. Construction is expected to kick off in March, with completion by the end of the year. Subscribers to Industrial Info's GMI Petroleum Refining Database can click here for the related project report and here for a profile on the refinery.
Freepoint Eco-Systems (Stamford, Connecticut), through its subsidiary Freeport Commodities, is in the process of building out its flagship advanced recycling facility at the site of a 260,000-square-foot warehouse in Hebron, Ohio. The plant is expected to begin commercial operation at the beginning of 2025, recycling waste plastic otherwise destined for landfills or incineration, according to a company press release last year announcing the project. Freepoint also is developing a $120 million grassroot facility in Eloy, Arizona that would recycle approximately 180,000 tons per year--which would make it one of the largest advanced recycling facilities in the world. Construction is expected to begin at the end of 2025, with commercial operations starting in 2027.
Freepoint will use pyrolysis-based technology similar to ExxonMobil's proprietary Exxtend technology to be used at its Baytown and Beaumont sites.
Subscribers can here to read more information on the Hebron and Eloy projects.
Another under-construction project is NOVA Chemicals' (Calgary, Canada) Connersville Plastic Recycling plant in Indiana. According to an October newsletter from the company, the plant will process post-consumer plastic film such as stretch film and bubble wrap, to produce more than 100 million pounds of polyethylene resins at commercial scale. NOVA said it expects operations will begin in early 2025, with full output before 2026. Packaging product manufacturer Novolex (Charlotte, North Carolina) will operate the plant. Click here to read the project report.
Subscribers to the GMI Database can click here for a full list of detailed reports for projects mentioned in this article and here for a full list of related plant profiles.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 Trillion (USD).
The energy major said new operations are expected to start in 2026 and can help divert plastic from landfills.
"We are solutions providers, and this multi-million-dollar investment will enhance our ability to convert hard-to-recycle plastics into raw materials that produce valuable new products," said Karen McKee, president of ExxonMobil Product Solutions, in a November 21 press release. "At our Baytown site, we've proven advanced recycling works at scale, which gives us confidence in our ambition to provide the capacity to process more than 1 billion pounds of plastic per year around the world. We're proud of this proprietary technology and the role it can play in helping establish a circular economy for plastics and reducing plastic waste."
The investment will add 350 million pounds per year of advanced recycling capacity, bringing ExxonMobil's total capacity to 500 million pounds per year. "The company is continuing to develop additional advanced recycling projects at manufacturing sites in North America, Europe and Asia, with the goal of reaching 1 billion pounds per year of recycling capacity globally by 2027."
Subscribers to Industrial Info's Global Market Intelligence (GMI) Refining and Chemical Processing Project and Plant databases can read detailed information on the Baytown and Beaumont recycling projects and click here for the related plant profiles.
Industrial Info is tracking projects across the U.S. aimed at waste and plastic recycling, including another from ExxonMobil: a planned $75 million project at its Joliet Refinery in Illinois. The new recycling unit will convert plastics into an oil-like material that will feed the refinery's delayed coker unit. Construction is expected to kick off in March, with completion by the end of the year. Subscribers to Industrial Info's GMI Petroleum Refining Database can click here for the related project report and here for a profile on the refinery.
Freepoint Eco-Systems (Stamford, Connecticut), through its subsidiary Freeport Commodities, is in the process of building out its flagship advanced recycling facility at the site of a 260,000-square-foot warehouse in Hebron, Ohio. The plant is expected to begin commercial operation at the beginning of 2025, recycling waste plastic otherwise destined for landfills or incineration, according to a company press release last year announcing the project. Freepoint also is developing a $120 million grassroot facility in Eloy, Arizona that would recycle approximately 180,000 tons per year--which would make it one of the largest advanced recycling facilities in the world. Construction is expected to begin at the end of 2025, with commercial operations starting in 2027.
Freepoint will use pyrolysis-based technology similar to ExxonMobil's proprietary Exxtend technology to be used at its Baytown and Beaumont sites.
Subscribers can here to read more information on the Hebron and Eloy projects.
Another under-construction project is NOVA Chemicals' (Calgary, Canada) Connersville Plastic Recycling plant in Indiana. According to an October newsletter from the company, the plant will process post-consumer plastic film such as stretch film and bubble wrap, to produce more than 100 million pounds of polyethylene resins at commercial scale. NOVA said it expects operations will begin in early 2025, with full output before 2026. Packaging product manufacturer Novolex (Charlotte, North Carolina) will operate the plant. Click here to read the project report.
Subscribers to the GMI Database can click here for a full list of detailed reports for projects mentioned in this article and here for a full list of related plant profiles.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 Trillion (USD).
