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Exxon Mobil starts construction on $2B Baytown chemical expansion

Construction has started on a roughly $2 billion expansion at Exxon Mobil Corp.’s (NYSE: XOM) petrochemical manufacturing complex in Baytown — the largest in the United States — one of the project’s contractors said. The Irving, Texas-based company is adding an alpha olefins unit and a performance polymers unit to the complex, the company said. The additional units have been in the works since at least 2018, according to documents filed with the Texas comptroller’s office. Exxon expects both units to start up in mid-2023, said Denise Burcham, strategic ventures executive for Exxon Mobil Chemical Co. Australia-based industrial contractor Worley has handled engineering and procurement and now is constructing the offsite portions of the project, including the infrastructure needed to connect the new units to the larger complex, the company said.

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