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Released March 15, 2018 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--Exxon Mobil Corporation (NYSE:XOM) (ExxonMobil) (Irving, Texas) is nearing a final investment decision on a big expansion at its 362,300 barrel-per-day (BBL/d) Beaumont refinery in Texas. Executives with the global energy giant said last week the expansion is part of a Gulf Coast upgrade that also involves its refineries in Baytown, Texas, and Baton Rouge, Louisiana. Industrial Info is tracking $845 million in capital projects at the three refineries.
ExxonMobil executives laid out the company's refinery outlook as part of a March 7 presentation with investment analysts. For more information, see March 8, 2018, article - ExxonMobil Expects to Double Earnings by 2025 as it Pours More into Capex.
Senior Vice President Jack Williams outlined the Beaumont refinery light oil expansion project, which he said will receive a financial investment decision this year. With the support of improvements at the Baytown and Baton Rouge refineries, "we are adding 400,000 barrels per day of light oil refining capacity at a third of the cost of grassroots" expansions, he said.
The Beaumont expansion will "leverage a lot of on-site infrastructure that is available to us at Beaumont," Williams said. "We have some gas plant capacity that we will utilize. We have some downstream processing capacity that we will utilize. We will also put in a little bit of hydrotreating."
The Baton Rouge and Baytown refineries, will receive intermediate products from the expansion, Williams said, explaining that those products are currently purchased from third parties.
"So although the project is located at Beaumont, it really is a full Gulf Coast refining upgrade," Williams said. For more information on the $300 million Beaumont refinery crude unit addition, see Industrial Info's project report.
At ExxonMobil's 584,000-BBL/d Baytown refinery, Industrial Info is tracking a planned $15 million upgrade of the facility's 125,000-BBL/d Fluid Catalytic Cracker Unit 3. The upgrade would increase unit efficiency and decrease costs. Construction kickoff is expected in 2019, with completion that same year. For more information, see Industrial Info's project report.
At the 503,000-BBL/d Baton Rouge refinery, Industrial Info is tracking plans for a $30 million upgrade of the 32,000-BBL/d Delayed Coker West Unit and a planned $20 million upgrade of the 110,000 Crude Pipestill Unit 9. For more information, see industrial Info's project reports on the delayed coker unit upgrade and the crude pipestill unit upgrade.
The Gulf Coast expansion will take in the wave of new oil produced from the Permian Delaware basins in West Texas and southeast New Mexico. In January, ExxonMobil has vastly increased its Permian Basin resources via the acquisition of companies from the Bass family of Fort Worth, Texas.
Globally, ExxonMobil reported it plans to spend $9 billion on six major refinery projects through 2025. About a third of that amount has already been spent, Williams said.
In all, Industrial Info is tracking more than $34 billion in ExxonMobil projects globally, including more than $2 billion worth of refinery projects.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
ExxonMobil executives laid out the company's refinery outlook as part of a March 7 presentation with investment analysts. For more information, see March 8, 2018, article - ExxonMobil Expects to Double Earnings by 2025 as it Pours More into Capex.
Senior Vice President Jack Williams outlined the Beaumont refinery light oil expansion project, which he said will receive a financial investment decision this year. With the support of improvements at the Baytown and Baton Rouge refineries, "we are adding 400,000 barrels per day of light oil refining capacity at a third of the cost of grassroots" expansions, he said.
The Beaumont expansion will "leverage a lot of on-site infrastructure that is available to us at Beaumont," Williams said. "We have some gas plant capacity that we will utilize. We have some downstream processing capacity that we will utilize. We will also put in a little bit of hydrotreating."
The Baton Rouge and Baytown refineries, will receive intermediate products from the expansion, Williams said, explaining that those products are currently purchased from third parties.
"So although the project is located at Beaumont, it really is a full Gulf Coast refining upgrade," Williams said. For more information on the $300 million Beaumont refinery crude unit addition, see Industrial Info's project report.
At ExxonMobil's 584,000-BBL/d Baytown refinery, Industrial Info is tracking a planned $15 million upgrade of the facility's 125,000-BBL/d Fluid Catalytic Cracker Unit 3. The upgrade would increase unit efficiency and decrease costs. Construction kickoff is expected in 2019, with completion that same year. For more information, see Industrial Info's project report.
At the 503,000-BBL/d Baton Rouge refinery, Industrial Info is tracking plans for a $30 million upgrade of the 32,000-BBL/d Delayed Coker West Unit and a planned $20 million upgrade of the 110,000 Crude Pipestill Unit 9. For more information, see industrial Info's project reports on the delayed coker unit upgrade and the crude pipestill unit upgrade.
The Gulf Coast expansion will take in the wave of new oil produced from the Permian Delaware basins in West Texas and southeast New Mexico. In January, ExxonMobil has vastly increased its Permian Basin resources via the acquisition of companies from the Bass family of Fort Worth, Texas.
Globally, ExxonMobil reported it plans to spend $9 billion on six major refinery projects through 2025. About a third of that amount has already been spent, Williams said.
In all, Industrial Info is tracking more than $34 billion in ExxonMobil projects globally, including more than $2 billion worth of refinery projects.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
