ExxonMobil Makes First Commercial Sale of Certified Circular Polymers
24 Février 2022 - 7:00PM
Business Wire
- Exxtend™ advanced recycling technology produces commercial
volumes of certified circular polymers for food applications
- More than 4 million pounds of plastic waste processed at
advanced recycling facility in Baytown, Texas
- ExxonMobil plans to increase its global certified circular
polymer capacity to 1 billion pounds per year by 2026
ExxonMobil has completed its first commercial sale of certified
circular polymers, using its Exxtend™ technology for advanced
recycling of plastic waste. The purchaser is Berry Global, a
leading provider of innovative packaging and engineered products,
which will use the circular polymers to manufacture containers for
high-performance food-grade packaging on a mass balance
approach.
“We are scaling up our advanced recycling capabilities around
the world to manufacture more circular products for our customers,”
said Karen McKee, president of ExxonMobil Chemical Company. “Our
Exxtend technology helps us meet the growing demand for certified
circular polymers, particularly in food contact applications where
plastic products provide key sustainability benefits.”
Exxtend™ technology helps expand the range of plastic materials
that society recycles, while maintaining the performance of
products over multiple recycling loops. Product quality and
performance of the certified circular polymers are identical to
polymers produced from virgin raw materials, increasing the variety
and number of customer applications.
“We have ambitious sustainable packaging goals that include
achieving 30 percent circular content across our fast-moving
consumer goods packaging by 2030,” said Tarun Manroa, chief
strategy officer of Berry Global. “Advanced recycling can help our
customers meet their sustainability goals and accelerate the move
to a more circular economy. Collaboration across the value chain is
critical to achieving this.”
The initial sale of certified circular polymers is based on
plastic waste processed at ExxonMobil’s advanced recycling facility
at its integrated site in Baytown, Texas. The facility began
operations in 2021 and has already processed more than 4 million
pounds of plastic waste.
The operation in Baytown will be among North America’s largest
advanced plastic waste recycling facilities with a capacity to
recycle 30,000 metric tons of plastic waste per year when its
expansion is complete later this year. Leveraging ExxonMobil’s
existing assets, the company’s advanced recycling capabilities can
be rapidly scaled to process a wide range of plastic waste. To help
meet the growing market demand for certified circular plastics,
ExxonMobil plans to increase its annual advanced recycling capacity
to 500,000 metric tons, or approximately 1 billion pounds, by
year-end 2026 across multiple sites globally.
The company has obtained certifications through the
International Sustainability and Carbon Certification Plus (ISCC
PLUS) process for several of its facilities including Baytown. ISCC
PLUS is widely recognized by industry as an effective system to
certify the circularity of products based on advanced recycling
using mass balance attribution of plastic waste.
About ExxonMobil
ExxonMobil, one of the largest publicly traded international
energy companies, uses technology and innovation to help meet the
world’s growing energy needs. ExxonMobil holds an industry-leading
inventory of resources, is one of the largest refiners and
marketers of petroleum products, and its chemical company is one of
the largest in the world. To learn more, visit exxonmobil.com, the
Energy Factor and Carbon capture and storage | ExxonMobil.
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Cautionary Statement: Statements of future plans,
targets, and other events or conditions in this release are
forward-looking statements. Actual future results, including
project plans, timing, capacities, and costs, including recycled
waste volumes and growth, could vary depending on the ability to
execute operational objectives on a timely and successful basis;
the ability to scale projects and technologies on a commercially
competitive basis; the outcome of commercial negotiations,
including the terms and conditions for the sale of circular
polymers; the ability to satisfy requirements of third party
certification providers; the outcome of future research and
technology development programs, including the future success of
collaborative efforts; the development and pace of supportive
market conditions and policies including support for waste
collection and sorting and advanced recycling; changes in laws and
regulations including environmental laws and taxes; changes in
plans or objectives prior to final funding decisions or project
startups; unforeseen technical or operational difficulties; changes
in supply and demand and other market factors affecting future
prices of oil, gas, and petrochemical products; and other factors
discussed in the “Item 1A. Risk Factors” of our most recent Form
10-K and under the heading “Factors Affecting Future Results” on
the Investors page of ExxonMobil’s website at exxonmobil.com.
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