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ExxonMobil’s new cracker expected online later in the year
HOUSTON, February 2, 2018 (PCW) – ExxonMobil on Friday said its new 3.3 billion lbs/yr ethane cracker at Baytown is “very close” to completion and is expected online “later this year.”
The cracker had been expected to go into service in 2Q. Exxon did not comment on the delay.
The company on Friday also reported 4Q net income of $8.38 billion, up from $1.68 billion in the year-ago period. Exxon attributed the increase to new US tax reforms and higher commodity prices. US chemical earnings during the quarter came in at $777 million, up from $352 million in 4Q 2016, due to higher sales. -- Samantha Hartke