Exxon Mobil announced Monday it is expanding its Beaumont polyethylene chemical plant, increasing its capacity by 65 percent and creating an additional 1,400 construction jobs and 40 permanent jobs.
The expansion is a result of an increased demand of plastics and the abundant supply of cheap U.S. shale gas.
Construction on the new unit and expansion has already started and should be complete in 2019. According to Exxon, the expansion will generate $20 billion in economic activity in the unit’s first 13 years of operation.
The new unit will increase the current polyethylene production capacity of 1 million metric tons per year by another 650,000.