ExxonMobil plans to spend $200 million to build new plastics recycling facilities at its sites in Baytown and Beaumont, Texas. The company started up its first unit, based on its own pyrolysis technology that breaks plastics down into petrochemical feedstocks, in Baytown at the end of 2022. The new investment, to start up in 2026, will add 160,000 metric tons (t) of capacity to process plastic waste across both plants, bringing its total throughput to 230,000 t. ExxonMobil aims to process 450,000 t of plastic waste by 2027.
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