- Specialty thermoplastics help reduce vehicle and consumer product weight, leading to improved fuel efficiency and higher performance
- Expansion increases global manufacturing capacity of Santoprene™ by 25 percent
- Two new production lines add 35 full-time jobs at Newport plant
Public Company Information:
IRVING, Texas--(BUSINESS WIRE)--ExxonMobil said today it has completed an expansion of its specialty elastomers manufacturing plant in Newport, Wales, which doubles the plant’s manufacturing capacity and increases global manufacturing capacity of Santoprene™ thermoplastic elastomers by 25 percent.
“ExxonMobil’s high-performance plastics help make automotive and consumer products lighter, resulting in improved fuel efficiency and higher performance, compared with products made with traditional materials,” said Karen McKee, president of ExxonMobil Chemical Company. “This Newport investment doubles the site’s manufacturing capacity of higher-value products.”
Santoprene™ thermoplastic elastomers are engineered to perform like vulcanized rubber, and can be re-used and re-engineered, leading to reduced shipping weights, improved recycling capabilities and more-sustainable manufacturing.
The project created approximately 35 full-time production jobs and supported 130 jobs during construction. ExxonMobil also manufactures Santoprene™ in Pensacola, Florida.
This announcement follows ExxonMobil’s recently announced plans to expand its Fawley refinery in the United Kingdom to increase production of ultra-low sulfur diesel by almost 45 percent, or 38,000 barrels per day.
ExxonMobil, the largest publicly traded international oil and gas company, 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. For more information, visit www.exxonmobil.com or follow us on Twitter www.twitter.com/exxonmobil.
Cautionary Statement: Statements of future events or conditions in this release are forward-looking statements. Actual future results, including project plans, schedules, costs, and capacities, production rates, and business results could differ materially due to changes in market conditions affecting the oil, gas, and petrochemical industries or long-term prices for oil, gas, and petrochemical products; political or regulatory developments including changes in law; actions of competitors and development of competing products; and the outcome of commercial negotiations; technical or operating factors; the outcome of commercial negotiations; and other factors cited under the caption “Factors Affecting Future Results” on the Investors page of our website at exxonmobil.com. The term “project” in this release may refer to a variety of different activities and does not necessarily have the same meaning as in any government payment transparency reports.
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