ExxonMobil Doubles Manufacturing Capacity of Specialty Elastomers at Newport, Wales Plant
May 13 2019 - 9:00AM
Business Wire
- 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
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.
About ExxonMobil
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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