Items Tagged with 'feedstocks'

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COVID-19 coronavirus

Pandemic Prompts ExxonMobil to Reduce 2020 Capex by 30%

As market conditions evolve, ExxonMobil will continue evaluating the impacts of decreased demand on its 2020 production levels, as well as longer-term production impacts.
April 9, 2020
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ExxonMobil recently announced it is reducing its 2020 capital spending by 30% and lowering cash operating expenses by 15% in response to low commodity prices resulting from oversupply and demand weakness from the COVID-19 pandemic.


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ExxonMobil Outlines Progress on Long-Term Growth Strategy

ExxonMobil’s long-term growth plans are reportedly rooted in the company’s efforts to meet the world’s increasing demand for reliable and affordable energy while reducing emissions and risks associated with climate change.
March 9, 2020
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ExxonMobil recently announced that it continues to make progress on the its long-term growth plans by investing through the commodity price cycle to capture high-value opportunities and grow earnings and cash flow potential.
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Dow to Retrofit Louisiana Cracker with Fluidized Catalytic Dehydrogenation Technology to Produce On-Purpose Propylene

Dow expects that the retrofit will enable it to continue to meet growing demand for its businesses serving consumer, infrastructure, and packaging end markets while also remaining within its stated near-term capital expenditure targets.
August 28, 2019
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Dow recently announced that it will retrofit proprietary fluidized catalytic dehydrogenation (FCDh) technology into one of its mixed-feed crackers in Plaquemine, La., to produce on-purpose propylene.
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ExxonMobil and SABIC Agree to Proceed with Gulf Coast Growth Ventures Project

The joint venture between ExxonMobil and SABIC, called Gulf Coast Growth Ventures, received final environmental regulatory approval in June 2019 to build an ethane steam cracker, two polyethylene, units and a monoethylene glycol unit.
June 19, 2019
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ExxonMobil and SABIC recently announced the decision to proceed with the construction of a chemical facility and a 1.8 Mt ethane steam cracker in San Patricio County, Texas.
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