Reuters
Exxon goes forward with $200-million expansion of Texas plants
Exxon Mobil Corp, which is facing a California lawsuit over its alleged role in global plastic waste pollution, is going forward with plans to expand plastics recycling to replace fossil fuels with discarded plastic waste, the company said on Thursday. Exxon, which is championing pyrolysis techniques that convert waste into new plastic, will spend $200 million in Texas to expand so-called circularity operations in a global effort to build the capacity to process 1 billion pounds (454 million kg)of waste annually by 2027. The company calls its recycling technology Exxtend.
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