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Exclusive: Exxon prepares to start up $2 bln Texas oil refinery expansion

Erwin Seba of Reuters reports that Exxon is starting up a $2 billion Texas oil refinery expansion.

The C3 Take
  • Exxon’s refinery in Beaumont, Texas will soon be able to refine 250,000 barrels per day, making it the second largest refinery in the United States.
  • Increasing our refinery capacity is crucial to lowering energy costs and increasing energy security.
  • Importantly, U.S.-produced oil and gas has a carbon footprint that is roughly half the size of fuels produced by overseas competitors.
  • To lower costs and global emissions, the United States should continue to expand critical energy infrastructure such as pipelines and refineries.

“Exxon’s Beaumont expansion marks a return to an era of steady refining capacity gains through processing tweaks and adding new equipment to existing plants.”

Read the full article here.

The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.

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