In September 2023, ExxonMobil announced the commencement of operations at two newly developed chemical production units in Baytown, Texas. This expansion, valued at USD 2 billion, represents a strategic development aimed at enhancing the company’s production capabilities along the U.S. Gulf Coast. The investment is expected to boost the output of high-value performance products, strengthen ExxonMobil’s competitive position in the global chemical market, and support growing demand across various end-use industries. The move also highlights the company’s long-term commitment to expanding its advanced manufacturing footprint in North America
