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: 06.11.2025 Expectation: 250 pips
Invest in natural gas to capture $3.500 in growth amid soaring demand
Yesterday at 11:49 AM 44
Period: 30.11.2025 Expectation: 6400 pips
Buying GBPUSD amid stronger UK economic data
Yesterday at 11:07 AM 26
Period: 31.12.2026 Expectation: 5500 pips
Buying AUDUSD with 0.69000 in view
Yesterday at 10:34 AM 26
Period: 06.11.2025 Expectation: 2440 pips
Selling USDJPY as dollar gets less support
Yesterday at 07:08 AM 23
Period: 30.11.2025 Expectation: 800 pips
Selling AUDCAD from technical resistance
29 October 2025 34
Period: 05.11.2025 Expectation: 1050 pips
EURUSD corrects ahead of key Fed decision
29 October 2025 60
Go to forecasts