ExxonMobil has reached a final investment decision and has started construction on a new unit at its Beaumont, Texas refinery, which will increase crude refining capacity by more than 65%, or 250,000 barrels per day.
The new unit, which has an expected start-up by 2022, will expand light crude oil refining, supported by the increased crude oil production in the Permian Basin.
With access to terminals, railways, pipelines and waterways nearby, the Beaumont refinery is strategically positioned to benefit from Permian production growth, said Bryan Milton, President of ExxonMobil Fuels and Lubricants Company. The addition of a third crude unit in Beaumont will enhance the refinerys competitive position and truly establish it as a leader in the U.S. refining industry.
Image courtesy of ExxonMobil Corp.