Chevron Phillips Chemical on Monday announced the startup of its first new U.S. ethane cracker in decades ....
At full capacity, it will produce 1.5 million tons of ethylene a year to turn into pipes, films, containers and other plastic products.And earlier, ExxonMobil said it planned to double its light crude oil refining capacity.
Now, today ExxonMobil said it is considering building a new Gulf Coast plastics plant which could open as early as 2021.
It would expand production of polypropylene, a lightweight, durable plastic, by as much as 450,000 tons a year.
The company will make a final decision on the project later this year. It's anticipated to cost several hundred million dollars and employ more than 60 people when production starts.
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