Exxon Mobil Corp. announced a $200 million investment to expand its plastics recycling operations in Texas. This expansion will allow the company to replace fossil fuels with discarded bottles and bags in its production processes.
The initiative focuses on advanced recycling, which transforms lower-value molecules into high-performance thermoset resins. This technology aims to improve product yield and shift the mix towards more profitable offerings.
This investment is part of ExxonMobil's strategy to leverage its molecular transformation expertise and R&D capabilities. It also addresses growing environmental concerns regarding plastic waste pollution.
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