Released March 17, 2023 | SUGAR LAND
en
Researched by Industrial Info Resources (Sugar Land, Texas)--Exxon Mobil Corporation (NYSE:XOM) (Irving, Texas) has begun operations at one of the biggest, most anticipated projects in the ever-growing Oil & Gas Industry along the U.S. Gulf Coast, the energy company said Thursday. The $2 billion expansion of its massive refining complex in Beaumont, Texas, brings the facility's total processing capacity to more than 630,000 barrels per day (BBL/d), making it one of the largest U.S.-based refineries. Industrial Info is tracking more than $74 billion worth of ExxonMobil projects worldwide, including more than $23 billion worth in the U.S.
Click on the image at right for a graph detailing the top 10 countries for ExxonMobil project investments.
The expansion adds about 250,000 BBL/d of crude oil-refining capacity to the Beaumont complex through the installation of a third unit to process additional crude (including light oil), as well as the installation of a kerosene hydrotreater, a diesel hydrotreater and a benzene-recovery unit. Subscribers to Industrial Info's Global Market Intelligence (GMI) Petroleum Refining Project Database can learn more from a detailed project report.
The refinery processes crude oil from the Permian Basin. The oil is processed into a variety of finished products in high demand, including diesel, gasoline and jet fuel.
"ExxonMobil maintained its commitment to the Beaumont expansion even through the lows of the pandemic, knowing consumer demand would return and new capacity would be critical in the post-pandemic economic recovery," said Karen McKee, president of ExxonMobil Product Solutions, in a press release. "The new crude unit enables us to produce even more transportation fuels at a time when demand is surging."
Refineries across North America are investing heavily in strengthening the flexibility of their crude oil feedstock. In total, about 800,000 BBL/d of capacity will be expanded or converted in North America to use U.S. and Canadian crudes, according to a webinar presentation from Trey Hamblet, Industrial Info's vice president of research for Chemical Processing and Refining, and Hillary Stevenson, Senior Director of Energy Market Intelligence. For more information, see March 16, 2023, article - IIR Webinar: Crude Diet Flexibility, ESG Dominate North American Refining Spending.
Another of ExxonMobil's refineries along the Gulf Coast, its 520,000-BBL/d Baton Rouge Refinery in Louisiana, is undergoing a series of operational improvements. The company is expanding its tank-storage capacity; upgrading its 210,000-BBL/d sour feed unit to process a larger proportion of heavy West Texas and Canadian crudes; and upgrading its 50,000-BBL/d Far East delayed coker unit. Subscribers can read detailed reports on the Baton Rouge tank-storage modifications, sour feed unit upgrades and delayed coker upgrades.
Click on the image at right for a graph detailing ExxonMobil's active projects across the U.S., by project type.
Exxon was among the integrated, supermajor oil companies to report historic profits for 2022, amid high crude prices, strong demand, and aggressive cost-cutting measures. While Chief Executive Officer Darren Woods attributed much of his company's success to "upgrades to our product mix, structural cost reductions and disciplined expense management," he also pointed to counter-cyclical investment prior to the COVID-19 pandemic, when oil prices were low. For more information, see February 8, 2023, article - Shareholders Remain Primary Beneficiaries of Historic Profits at Integrated Oil Supermajors.
Subscribers to Industrial Info's GMI Project Database can click here for a full list of detailed reports for projects mentioned in this article, and click here for a full list of related plant profiles.
Subscribers can click here for a full list of reports for active global projects from ExxonMobil, and can click here for a full list of reports for active projects specifically in the U.S.
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) platform 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 more than 200,000 current and future projects worth $17.8 trillion (USD).
Click on the image at right for a graph detailing the top 10 countries for ExxonMobil project investments.The expansion adds about 250,000 BBL/d of crude oil-refining capacity to the Beaumont complex through the installation of a third unit to process additional crude (including light oil), as well as the installation of a kerosene hydrotreater, a diesel hydrotreater and a benzene-recovery unit. Subscribers to Industrial Info's Global Market Intelligence (GMI) Petroleum Refining Project Database can learn more from a detailed project report.
The refinery processes crude oil from the Permian Basin. The oil is processed into a variety of finished products in high demand, including diesel, gasoline and jet fuel.
"ExxonMobil maintained its commitment to the Beaumont expansion even through the lows of the pandemic, knowing consumer demand would return and new capacity would be critical in the post-pandemic economic recovery," said Karen McKee, president of ExxonMobil Product Solutions, in a press release. "The new crude unit enables us to produce even more transportation fuels at a time when demand is surging."
Refineries across North America are investing heavily in strengthening the flexibility of their crude oil feedstock. In total, about 800,000 BBL/d of capacity will be expanded or converted in North America to use U.S. and Canadian crudes, according to a webinar presentation from Trey Hamblet, Industrial Info's vice president of research for Chemical Processing and Refining, and Hillary Stevenson, Senior Director of Energy Market Intelligence. For more information, see March 16, 2023, article - IIR Webinar: Crude Diet Flexibility, ESG Dominate North American Refining Spending.
Another of ExxonMobil's refineries along the Gulf Coast, its 520,000-BBL/d Baton Rouge Refinery in Louisiana, is undergoing a series of operational improvements. The company is expanding its tank-storage capacity; upgrading its 210,000-BBL/d sour feed unit to process a larger proportion of heavy West Texas and Canadian crudes; and upgrading its 50,000-BBL/d Far East delayed coker unit. Subscribers can read detailed reports on the Baton Rouge tank-storage modifications, sour feed unit upgrades and delayed coker upgrades.
Click on the image at right for a graph detailing ExxonMobil's active projects across the U.S., by project type.Exxon was among the integrated, supermajor oil companies to report historic profits for 2022, amid high crude prices, strong demand, and aggressive cost-cutting measures. While Chief Executive Officer Darren Woods attributed much of his company's success to "upgrades to our product mix, structural cost reductions and disciplined expense management," he also pointed to counter-cyclical investment prior to the COVID-19 pandemic, when oil prices were low. For more information, see February 8, 2023, article - Shareholders Remain Primary Beneficiaries of Historic Profits at Integrated Oil Supermajors.
Subscribers to Industrial Info's GMI Project Database can click here for a full list of detailed reports for projects mentioned in this article, and click here for a full list of related plant profiles.
Subscribers can click here for a full list of reports for active global projects from ExxonMobil, and can click here for a full list of reports for active projects specifically in the U.S.
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) platform 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 more than 200,000 current and future projects worth $17.8 trillion (USD).
