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...Exxon produced 11.2mn metric tonnes of polyethylene last year and operates a chemical recycling plant for plastic in Baytown, Texas....
...For decades communities on the US Gulf Coast in Louisiana and Texas have lived in the shadows of gigantic petrochemical factories belching out toxins that earned their regions ignominious monikers, such...
...Exxon is leading a fightback by the petrochemicals industry against UN plans to limit the production of plastics....
...Texas, Florida, Missouri and other GOP-led states followed suit with anti-ESG initiatives and divestments....
...Last week, Samsung announced a $45bn investment in Texas to meet expected AI-related chip demand, while SK Hynix is building a high bandwidth memory facility in Indiana....
...Aside from its international petrochemicals business, Ineos also operates some North Sea oil and gas infrastructure and renewable energy assets....
...Texas is the heartland of American petrochemicals production and supplies an estimated 70 per cent of raw chemical materials that are used in Toray’s nylon fibres....
...Lawler said new incentives for carbon capture and storage in particular were “interesting”, saying they would enable BP to work with industrial players to trap carbon dioxide at petrochemical or other facilities...
...The company has committed to building a new hydrogen production facility in a major refining and petrochemical hub outside Houston, Texas....
...Ineos, owned by Jim Ratcliffe, has a sprawling business spanning petrochemicals, refineries and oil and gas production....
...In 2020 it spent $69bn on a 70 per cent stake in the petrochemicals manufacturer Saudi Basic Industries....
...US export capacity now stands at 14bn cubic feet a day, though more than 2bn cu ft/d is temporarily offline after an explosion at a terminal in Freeport, Texas....
...“Real money” is still chasing blue hydrogen projects stateside, McNally adds, citing a project announced by US oil major ExxonMobil earlier this year at its Baytown refining and petrochemicals site in Texas...
...Bob Mitchell, president of the Bay Area Houston Economic Partnership, a group representing local businesses, says the project is essential to help protect the high concentrations of US petrochemicals produced...
...Valero Energy, a Texas-based refining company which imports heavily from Russia, has reportedly suspended all future purchases of Russian oil....
...F1’s expansion in the US with the Miami Grand Prix adds to a schedule that already featured the US Grand Prix in Texas....
...“It’s a fabric that’s grown in a factory,” says general manager Takuya Kinami, but it’s not synthetic and is free of petrochemicals and animal products....
...In particular, the petrochemical industry in Texas and Louisiana has been a pinch point as producers reel from a deep freeze earlier in the year and Hurricane Ida in late August....
...Apple is battling with the same problem that has shaken global industries from petrochemicals suppliers to consumer brands....
...Supplies were tight owing to disruptions from a deep freeze in Texas last winter, and demand has surged during the coronavirus pandemic....
...Texas petrochemical plants hit by last month’s Arctic blast have still not returned to full capacity, threatening months of disruptions to the global supply chain for chemical raw materials critical to everything...
...which tracks big US companies with especially strong performance on diversity — has been lagging behind the wider market, not helped by the stalling share prices of big constituents such as PayPal and Texas...
...The company’s plans call for a hub that would capture emissions from the 50 largest emitting industrial facilities along the Houston Ship Channel, such as oil refineries and petrochemical plants, and ship...
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