Maire Tecnimont announced that ExxonMobil has reached its final investment decision on the construction of an expansion project at the Baytown petrochemical complex, located about 25 miles east of Houston, Texas, US. The total project investment is US$2 billion.
The Baytown facility is the largest integrated petrochemical complex in the U.S. The expansion project is aimed at maximising the value of increased production from the Permian Basin and at expanding ExxonMobil’s and its affiliates’ operations along the Gulf Coast.
The project will be carried out by a consortium composed of Tecnimont acting as leader, and Performance Contractors, a U.S.-based general contractor.
The consortium’s scope of work includes the implementation of new innovative process units, including a 400,000 tons/yr Vistamaxx performance polymer unit, which produces products that offer higher levels of elasticity, softness and flexibility, attributes that contribute to a reduction in materials used and increased performance in everyday products. The scope of work also includes the implementation of a 350,000 tons/yr linear alpha olefins unit, enabling ExxonMobil to enter the linear alpha olefins market, which are liquid chemicals used in numerous high-end applications.
“We are eager to keep on supporting a prestigious client such as ExxonMobil in its strategic, long-term expansion plan. With this important project milestone our industrial footprint in North America is further expanded, best positioning our Group to seize new opportunities coming from the availability of cheap shale gas as feedstock for refining and petrochemical projects,” commented Pierroberto Folgiero, Maire Tecnimont chief executive officer.