Exxon Mobil Opens Third Advanced Recycling Unit at Baytown Facility
Exxon Mobil Corporation XOM | 160.69 | -0.06% |
Exxon Mobil Corporation announced that its third advanced recycling unit at the Baytown, Texas complex is now operational. With this addition, the facility can process up to approximately 250 million pounds of plastic waste annually. Exxon Mobil stated it is on track to reach around 450 million pounds of annual advanced recycling capacity at its global facilities by the end of 2026. The company indicated that advanced recycling units are integrated within existing facilities to process hard-to-recycle plastics, turning plastic waste into raw materials for various products. Exxon Mobil also expressed support for federal legislation that would recognize advanced recycling as recycling and establish clear standards for recycled content claims.
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