Thread regarding ExxonMobil Corp. layoffs

Global Top 50 Petrochemical Companies - We Are Now #10

https://cen.acs.org/sections/global-top-50.html

We used to be #1 or #2 in petrochemicals.

25 July 2022

#1 BASF
#2 Sinopec
#3 Dow
#4 SABIC
#5 Formosa Plastics
#6 Ineos
#7 PetroChina
#8 LyondellBassell Industries
#9 LG Chem
#10 ExxonMobil
#11 MItsubishi Chemical Group
#12 Hengli Industries

# 10
EXXONMOBIL
2021 CHEMICAL SALES: $36.9 BILLION

Over the past year, ExxonMobil has been advancing sustainability initiatives. In March, it unveiled plans to build a blue hydrogen facility at its refining and petrochemical complex in Baytown, Texas. The project would capture 10 million metric tons (t) per year of carbon dioxide generated in the hydrogen production process, reducing the site’s carbon footprint by 30%. The project would connect to a massive carbon-capture-and-storage hub in the region that ExxonMobil is spearheading. Also in Baytown, the company is building a facility that will use new chemical technology to recycle waste plastics. It hopes to process 500,000 t of plastics annually around the world by 2026 and is also considering projects in Canada, the Netherlands, and Singapore.

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Post ID: @OP+1hTipO7K

3 replies (most recent on top)

Sinopec, SABIC, and Formosa ahead of us, huh. Seems legit.

Formosa, the company with so much integrity they actually have a TCEQ observer that sits at their Lavaca plant because they were caught in so many lies.

https://www.texastribune.org/2019/10/15/formosa-plastics-pay-50-million-texas-clean-water-act-lawsuit/

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Post ID: @1gqk+1hTipO7K

Looks like a lot of good things planned at EM Chem.
Recycling!!
Everybody loves that.

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Post ID: @1wuq+1hTipO7K

and I used to be taller.

Wake up and smell the CO2

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Post ID: @1uvj+1hTipO7K

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