It Never Quits -- ExxonMobil Expanding PE Production In Beaumont, TX -- November 14, 2016

Updates

December 1, 2016: ExxonMobil's new PE plants in Houston will be built by Tokyo-based Mitsubishi Heavy Industries Ltd.
 

Original Post

 

The stories simply never quit. Headline after headline of "LoveTrumpsHate" protests and headline after headline of CAVE dwellers trying to shut down everything, but life in the oil and gas sector keeps moving along.

In this case, ExxonMobil has announced it will significantly expand production of polyethylene at it PE plant in Beaumont, TX. Data points:

• already under construction; on-line sometime in 2019: a 650,000-tpy PE plant
• to meet rising demand for high-performance plastics
• capitalizing on low feedstock prices
• meanwhile, the Belvieu plant will increase XOM US PE production by about 2 million tpy or 40%, making Texas the company's largest PE supply point

It just never quits.  

********************************

Medicare Part B

One year ago I was not paying attention to Medicare Part B. Now I am.  

This article in Forbes is helpful.