Exxon Mobil Corporation (XOM)

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$XOM Exxon begins production on Beaumont polyethylene line

Exxon Mobil (NYSE:XOM) says it started production on a new high-performance polyethylene line at its Beaumont, Tex., polyethylene plant.

The expansion increases plant production capacity by 65% or 650K tons/year, bringing site capacity to nearly 1.7M tons/year.

Operations associated with the Beaumont expansion are expected to increase regional economic activity by $20B in the first 13 years.