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NEW YORK, May 31 (Reuters) – Exxon Mobil Corp, the
world’s largest publicly traded oil company, plans to build a
new chemical plant in Texas to take advantage of cheap North
American shale gas, according to a U.S. environmental filing
seen by Reuters.
The plant, to be built at the company’s Baytown complex, is
expected to produce 1.5 million tons of ethylene per year and be
online by 2016.
The company filed with the U.S. Environmental Protection
Agency and Texas officials earlier this month. It expects
regulatory approval within the year.
(Reporting by Ernest Scheyder; Editing by Ed Davies)
