ExxonMobil Plans to Expand Advanced Recycling Capacity

November 26, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Exxon Mobil Corporation (NYSE:XOM) (Spring, Texas) said it plans to invest more than $200 million to expand advanced recycling capacity at its chemical plant in Beaumont, Texas, and refinery in Baytown, Texas. Advanced recycling refers to breaking down plastic waste into raw materials. ExxonMobil uses the technology to produce products such as fuels, lubricants and high-performance chemicals and plastics.