19 October 2022 | Other

ExxonMobil, Cyclyx and LyondellBasell will build plastic recycling plant in Houston

Cyclyx International, ExxonMobil and LyondellBasell signed an agreement to build a unique plastic waste sorting and recycling plant in Houston. 

The plant that is expected in 2024 will be built in the Greater Houston area. It is assumed that the plant will produce 150,000 metric tons (330 million pounds) of plastic feedstock annually, which will provide a source of recyclable plastic for ExxonMobil and LyondellBasell recycling projects.

According to Dave Andrew, vice president of new market development at ExxonMobil, to increase the overall recycling rate in the US and meet growing consumer demand for recycled products, government and industry representatives must invest more in waste collection and sorting. With this initiative, the company makes infrastructure for sorting plastic waste more advanced and contributes to the development of its recycling plants in Baytown and along the Gulf Coast.

Company MarketCheese
Period: 30.06.2026 Expectation: 3300 pips
Buying USDCAD up to 1.41500
Yesterday at 11:21 AM 26
Period: 17.04.2026 Expectation: 700 pips
AUDCAD is at risk of correction amid fragile Middle East truce
Yesterday at 10:34 AM 23
Gold buy
Period: 30.04.2026 Expectation: 800 pips
Invest in gold once $4,800 gives way
Yesterday at 09:23 AM 42
Brent sell
Period: 17.04.2026 Expectation: 630 pips
Brent crude sell-off targets $92.5
Yesterday at 08:44 AM 23
Period: 17.04.2026 Expectation: 920 pips
Friday profit-taking puts GBPUSD buyers on sidelines
Yesterday at 06:52 AM 22
Period: 30.06.2026 Expectation: 3000 pips
Buying USDJPY up to 162.00
09 April 2026 62
Go to forecasts