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: 30.04.2026 Expectation: 1100 pips
Buying AUDCAD from support zone
Yesterday at 11:24 AM 21
Brent sell
Period: 03.04.2026 Expectation: 920 pips
Brent crude is poised to dip further on rising selling pressure above $106.00
Yesterday at 10:45 AM 41
Period: 03.04.2026 Expectation: 950 pips
USDCAD gains ground on risk aversion and soft Canadian data
Yesterday at 09:34 AM 24
Period: 31.05.2026 Expectation: 3500 pips
GBPUSD selloff takes hold as UK inflation expectations soar
Yesterday at 08:46 AM 16
Period: 30.04.2026 Expectation: 1400 pips
Selling GBPUSD down to 1.3200
Yesterday at 07:12 AM 15
Period: 30.04.2026 Expectation: 1300 pips
Investing in SPX from $6,640
Yesterday at 03:30 AM 17
Go to forecasts