Exxon Mobil build ethane cracker in Texas

Exxon Mobil to build ethane cracker in Texas

6:44 AM, 2nd June 2012
Exxon Mobil to build ethane cracker in Texas

HOUSTON, US: Exxon Mobil is planning a multibillion dollar expansion of its giant petrochemical complex in Texas. The company estimated the expansion would provide about 10,000 construction jobs, then 350 permanent jobs once new facilities are up and running. Exxon Mobil expects the start-up by 2016.

The company has filed applications for permits with the US Environmental Protection Agency and the Texas Commission on Environmental Quality to build an ethane cracker at the Baytown complex and two high performance polyethylene lines at its plastics plant in Mont Belvieu.

Exxon expects the review and approval process from government regulators should take about a year. It would then make a decision on whether to move forward with the project. The Baytown steam cracker would handle up to 1.5 million tonne annually and provide 650,000 tonne of feedstock for the new lines at the Mont Belvieu plastics operation. It also estimated the expansion could add some $870 million to the local economy and contribute $90 million in tax revenues.

© Bloomberg News

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