ExxonMobil to begin construction on Beaumont refinery expansion
Expected to start up in 2022, the expansion will increase the refinery's capacity by 250,000 barrels per day.
Exxon Mobil began construction Tuesday on an expansion to its refinery in Beaumont after reaching a final investment decision.
The expansion, expected to start up in 2022, will increase the refinery's capacity by 250,000 barrels per day — equivalent to a 65 percent increase in current capacity. When complete, the refinery will be among the nation's largest.
Exxon Mobil previously announced that it was in the midst of planning for the additional unit, which will allow it to process light crude. Most refineries in the Gulf can only process heavy crude, which typically comes from Venezuela and Canada. As more oil flows in from the booming Permian Basin of West Texas, that isn't helpful, as the oil there is light.
"The Beaumont refinery is strategically positioned to benefit from Permian production growth," said Bryan Milton, president of Exxon Mobil Fuels and Lubricants Company in a statement.
This is the third crude unit within the facility, which currently has the capacity to refine 366,000 barrels per day of crude oil. Exxon Mobil already has a large presence in the Beaumont area, employing 2,100 employees, according to the company. The company, headquartered in Irving, Texas, expects to create 1,850 jobs during construction of the expansion and add 40-60 jobs in the area once it is complete.
The expansion is part of more than $20 billion ExxonMobil has invested in growing its manufacturing presence on the Gulf Coast, which includes expanding its petrochemical plants, a major maintenance project on its refinery in Baytown, Texas, and liquefied natural gas projects.
The company plans to triple its production in the Permian Basin by 2025 and spend more than $2 billion on transportation upgrades.
Source: The Houston Chronicle
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