USA: Thermoplastic Polymer Exxon Mobil to Increase its Polypropylene Manufacturing Capacity
The company is looking at a potential U.S. Gulf Coast project which is expected to expand its annual polypropylene manufacturing capacity by up to 450,000 tonnes.
Texas/USA – Exxon Mobil has recently started detailed engineering work on a potential U.S. Gulf Coast project to expand polypropylene manufacturing capacity by up to 450,000 tonnes a year to meet growing demand for high-performance, lightweight durable plastics. A final decision on the investment, anticipated to be several hundred million dollars, is expected later this year. Facility startup could come as early as 2021.
The new facility will be capable of producing advanced polypropylene products which can be used in high performance automotive, appliance, and packaging applications. The potential project will create more than 600 jobs during peak construction and more than 60 permanent jobs when production starts.
These advanced polypropylene materials are key to reducing vehicle weight, which helps improve fuel efficiency and reduces carbon emissions. Modern plastics and polymer composites, which can replace steel in many applications, typically comprise about 50 per cent of a new car’s volume but only 10 per cent of its weight.
This investment is one of the 13 new facilities planned to grow Exxon Mobil’s chemical manufacturing capacity in North America and Asia Pacific by about 40 per cent. These investments, including two world-class steam crackers in the United States, will enable the company to meet the increasing demand in Asia and other growing markets.