1.8%. As one of the world's largest publicly traded energy providers and chemical manufacturers, ExxonMobil develops and applies next-generation technologies to help safely and responsibly meet the world's growing needs for energy and high-quality chemical products. ExxonMobil Chemical Co. is adding a new line at its Baytown, Texas, complex that will produce 400,000 metric tons a year of its Vistamaxx-brand specialty elastomer, more … University and National Labs partnerships, Innovating Energy Solutions: R&D Highlights, Baytown expansion to create approximately 2,000 jobs during construction, Project to maximize the value of increased production from the Permian, ExxonMobil contributed over $43 billion to U.S. gross domestic product in 2017, study shows, ExxonMobil’s U.S. operations supported nearly, The impact of ExxonMobil’s operations and investments includes. Stay up to date with the latest from ExxonMobil. ExxonMobil is committed to producing the energy and chemical products that are essential to modern life, economic development and improved standards of living. “This research, focused on a single year, is a powerful snapshot of how our business in the United States directly benefits the American economy,” said Woods. Thank you for subscribing. Michael Paulsen/Chronicle Exxon Mobil is planning a $1.9 billion expansion at its Baytown petrochemical complex. ExxonMobil announces Baytown chemical expansion project ExxonMobil said today that it will proceed with a $2 billion investment to expand its Baytown, Texas chemical plant, which will create approximately 2,000 jobs during construction and contribute to the approximate 15 percent return the company expects from its chemical investments. The expansion comes just a few years after the Growing the Gulf Initiative, which added a new ethane cracker unit to the Baytown plant. The Ernst & Young research also found that in 2017: Woods said the company’s recent investments, such as a major expansion of oil and gas production in the Permian Basin and the planned expansion at Baytown, will continue to boost the U.S. economy. Scheduled for completion in 2022, the Baytown chemical plant expansion project includes a new 400,000 tonnes per annum (Mtpa) Vistamaxx performance polymer unit as well as a linear alpha olefins unit of 350,000Mtpa capacity. The expansion is expected to start up in 2022. ExxonMobil sanctioned a £1.5bn ($2bn) investment for the expansion of the chemical plant at the Baytown complex in May 2019. The expansion comes just a few years after the Growing the Gulf Initiative, which added a new ethane cracker unit to the Baytown plant. On Jan. 15 ExxonMobil’s Baytown Chemical Expansion Project (BCEP) team broke ground on a home it is underwriting for Baytown Habitat for Humanity. Irving, Texas-based Exxon Mobil Corp. (NYSE: XOM), which has a major presence in Houston, has decided to move forward with a $2 billion project in Baytown. © Copyright 2003-2020 Exxon Mobil Corporation. IRVING, Texas – ExxonMobil said today that it will proceed with a $2 billion investment to expand its Baytown, Texas chemical plant, which will create approximately 2,000 jobs during construction and contribute to the approximate 15 percent return the company expects from its chemical investments. Engineering Complex is Exxon-Mobil Chemical’s primary global technology center. “The new $2 billion expansion of its polymer manufacturing in the Baytown chemical plant is one more addition to the many economic growth projects in Baytown. ExxonMobil plans to invest $2 billion to expand its Baytown chemical complex in Texas. ExxonMobil’s Baytown site is the largest integrated petrochemical complex in the U.S. and is one of the most technologically advanced petroleum and petrochemical complexes in the world. ExxonMobil Baytown is a petrochemical complex that consists of a refinery, chemical plant, and Olefins Plant (BOP). ExxonMobil announces $2 billion Baytown chemical expansion project; releases study showing value of investments to U.S. economy IRVING, Texas – ExxonMobil said today that it will proceed with a $2 billion investment to expand its Baytown, Texas chemical plant, which will create approximately 2,000 jobs during construction and contribute to the approximate 15 percent return the company expects from its … ... Regulatory and Engineering Manager at EXXONMOBIL CHEMICAL … Founded in 1919, the complex is located on approximately 3,400 acres along the … These projects are part of ExxonMobil’s larger 10-year, $20 billion Growing the Gulf expansion program. Select from LIVE and on-demand topics. “Our substantial investments in the United States support ExxonMobil’s long-term growth plans and will result in thousands more high-paying jobs,” said Darren W. Woods, ExxonMobil chairman and chief executive officer. Learn more about Baytown’s history in our 90th Anniversary Book , published in 2010. ... Design seals and expansion joints. A three-way collaboration between Geely Auto Group, Linglong Shandong Tire and ExxonMobil led to Geely changing its tire IPLR specification to . View webinars list. Review corporate performance data, learn about our business model, read about our outlook for the energy industry, meet our management committee and more. Be sure to list Energy Factor as a safe sender to receive our newsletter. Geely article as published by SAE . The scope of work includes the implementation of new innovative process units, including a 400,000 tons/yr Vistamaxx™ performance polymer unit, producing higher level of elastic, soft and flexible products that grant … ExxonMobil, the largest publicly traded international oil and gas company, uses technology and innovation to help meet the world’s growing energy needs. BAYTOWN CHEMICAL EXPANSION PROJECT. Commenced operations at its 1.5 million ton ethane steam cracker at the company’s Baytown olefins plant in 2018. Founded in 1919, the complex is located on approximately 3,400 acres along the Houston Ship Channel, about 25 miles east of Houston. Linear alpha olefins are used in numerous applications, including high-performing engine and industrial oils, waxes and building blocks for surfactants, polyethylene plastic for packaging, and other specialty chemicals. “Global demand for chemicals is expected to be greater than energy demand growth and GDP growth over the next 20 years,” Woods said. ExxonMobil Chemical Company begins expansion project in Baytown. “Our Baytown chemical expansion will put us 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,” said Woods. Exxon will expand its Baytown chemical plant, creating about 2,000 jobs during construction, according to a May 2 press release. Managing projects / Build and analyze FEA models / Perform failure analysis. The expansion, expected to start up in 2022, includes a new Vistamaxx™ performance polymer unit, which produces products that offer higher levels of elasticity, softness and flexibility, attributes that contribute to a reduction in materials used and increased performance in everyday products. ExxonMobil has a proven record of successfully meeting society's evolving demand for energy. ExxonMobil Chemical webinar series . The project area is located within the USACE’s Galveston District 19-06-2014. “Through the billions of dollars that we’re investing in the Permian Basin to increase oil production and the expansion at our operations along the Gulf Coast, our company is making significant, lasting contributions to the U.S. economy and the many communities where we operate.”. ExxonMobil Chemical Company announced today that it has started construction of a multi-billion dollar ethane cracker at its Baytown, Texas, complex and associated premium product facilities in nearby Mont Belvieu. The Baytown facility is the largest integrated petrochemical complex in the U.S. and is one of the most technologically advanced refining and petrochemical complexes in the world. News May 2, 2019. “ExxonMobil continues to be a great community partner and an asset to the Baytown community,” Wheeler said. Mistretta ExxonMobil Corp. will invest $2 billion in a three-year expansion project at its Baytown, Texas, chemical complex, the company said on May 2. All Rights Reserved. … The expansion project is aimed at maximizing the value of increased production from the Permian Basin and at expanding ExxonMobil’s and its affiliates’ operations along the Gulf Coast. Cautionary Statement: Statements of future events or conditions in this release are forward-looking statements. We operate facilities or market products all over the world and explore for oil and natural gas on six continents. The project will also enable ExxonMobil to enter the linear alpha olefins market. ExxonMobil’s Baytown facility is the largest integrated petrochemical complex in the U.S. and is one of the most technologically advanced refining and petrochemical complexes in the world. The Baytown expansion is in addition to the company’s 2017 Growing the Gulf initiative, which outlined plans to build and expand manufacturing facilities along the U.S. Gulf Coast, creating more than 45,000 high-paying jobs across the region. A chain is only as strong as its weakest link, and in logistics, when moving something that weighs 150 tons across the world, all links need to carry their own weight. Published May 06, 2019 by A.J. The new unit will produce about 350,000 tons of linear alpha olefins a year. The proposed project will include expansion of the BOP Ethylene facility within the existing ExxonMobil complex. Actual future results, including project plans, schedules, and capacities and efficiency and business results, could differ materially due to factors such as changes in prices of oil, gas, or petrochemicals and other market factors affecting the chemical industry and the supply and demand for our products; the occurrence and duration of economic recessions; timely completion of construction projects and unforeseen technical or operating difficulties; legal or regulatory events; the actions of competitors; and other factors discussed under the heading Factors Affecting Future Results on the Investors page of our website at exxonmobil.com. 1 of 3 The Port of Beaumont has received the latest mammoth shipment of equipment for the ongoing expansion at Exxon Mobil's Beaumont refinery. In addition, ExxonMobil said in mid-May that it had completed the expansion of its Santoprene-brand thermoplastic vulcanizate facility in Wales. Across the United States, cutting-edge energy investments are creating new jobs and economic benefits that go well beyond the industry. ExxonMobil plans to invest $2 billion to expand its Baytown chemical complex in Texas. All Rights Reserved. Please check your email to validate your sign up. Irving, Texas-based Exxon Mobil Corp. (NYSE: XOM), which has a major presence in Houston, has decided to move forward with a $2 billion project in Baytown. “It underscores the many ways that the company and our employees are contributing to prosperity across the country.”. Exxon Mobil will pour $2 billion into expanding its Baytown chemical complex, creating 2,000 construction jobs and further cementing the region's role as a petrochemical hub. The site sits within the larger ExxonMobil Baytown complex, and includes two facilities — referred to as BTEC-East and BTEC-West — with 740,000 It provides re-search and development support to all ExxonMobil Chemical’s global business groups. ExxonMobil commissioned Ernst & Young to examine the contributions the company made to the U.S. economy in 2017 – the year the Growing the Gulf initiative was launched. Check out the graphic below to learn how this newest investment will strengthen communities in the Gulf and beyond. For more information, visit www.exxonmobil.com or follow us on Twitter www.twitter.com/exxonmobil. HOUSTON (Reuters) - Exxon Mobil Corp plans to invest an additional $2 billion in a three-year expansion project at its Baytown, Texas, chemical complex, the company said on Thursday. The project is expected to create approximately 2,000 jobs during construction, and ensure a significant, lasting contribution to the U.S. economy. The place where collaboration and expertise come together! The expansion would add a two-unit … The Baytown chemical expansion project represents ExxonMobil Chemical Company’s largest U.S. investment ever. The new unit will produce about 400,000 tons of Vistamaxx™ polymers a year. ExxonMobil holds an industry-leading inventory of resources, is one of the largest refiners and marketers of petroleum products, and its chemical company is one of the largest in the world. The Baytown chemical expansion project is a key component of ExxonMobil’s previously announced Growing the Gulf initiative. © Copyright 2016-2021 Exxon Mobil Corporation. As new units are being constructed at the ExxonMobil facilities, it seems only fitting that our employees also donate their talents and time to build a home in their beloved community. The research concluded that during 2017, ExxonMobil contributed more than $43 billion to the U.S. gross domestic product and direct, indirect and induced economic activity supported nearly 177,000 jobs across the country. $2 billion for Baytown: Inside the investment, invest $2 billion to expand its Baytown chemical complex. Safety, health and environment Thank you for subscribing. ExxonMobil Chemical Co. most recently started up its 1.5 million-tpy ethane steam cracker at the Baytown complex, which provides ethylene feedstock for … The facility includes a refinery, chemical plant, olefins plant, plastics plant and global technology center. Newsroom News • Jan. 27, 2021 With longstanding investments in technology coupled with the ingenuity of our people, we are well positioned to continue to responsibly meet the demands of a more prosperous world. The new buildup, which is expected to create 2,000 new construction jobs, will help the plant keep up with the growing demand for the everyday products it helps make. In doing this, we are also committed to protecting our people, the environment and the well-being of communities where we operate. Tecnimont is leading the consortium with Performance Contractors, a US-based general contractor with a strong track record in the area, for the realization of process units and associated offsites and utilities for Exxon Mobil Corporation’s (ExxonMobil) Baytown petrochemical complex, located about 25 miles east of Houston, Texas, USA. The new Vistamaxx line in Baytown will be incorporated into the existing chemical plant, said Lyn Greenwood, the project manager for the expansion project. The Baytown … The new buildup, which is expected to create 2,000 new construction jobs, will help the plant keep up with the growing demand for the everyday products it helps make. Exxon Mobil Corporation declares first quarter dividend IRVING, Texas – The Board of Directors of Exxon Mobil Corporation today declared a cash dividend of $0.87 per share on the Common Stock, payable on March 10, 2021 to shareholders of record of Common Stock at the close of business on February 10, 2021. The new cracker, part of ExxonMobil’s multi-billion dollar Baytown chemical expansion project, will provide ethylene feedstock to the new performance polyethylene lines in Mont Belvieu, which began production in the fall of 2017. Are you a member of the press or an investor? Exxon Mobil Corp. is planning a multibillion-dollar petrochemical expansion at its Baytown complex, looking to take advantage of the country's increasing supply of natural gas. 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