Facebook Twitter LinkedIn E-mail RSS
Home Controversy Why Your Next Plastic Bottle Will Be Made From Shale Gas

Why Your Next Plastic Bottle Will Be Made From Shale Gas

Factory­Even as more signs emerge that the natural gas bubble is heading for a colossal bust, Exxon Mobil shale gas is officially a thing. The company plunged into the shale gas market in 2010 with the acquisition of XTO Energy and weirdly enough, the recent drop in gas prices only seems to have whetted its appetite for more. Rumors are flying that Exxon Mobil is set to buy out mega-giant shale gas developer Chesapeake Energy, and in the mean time Exxon Mobil has announced that it will expand its Baytown, Texas chemical facility to convert natural gas to polyethylene, the world’s most common plastic.

It might look like the decision-makers at Exxon Mobil are off their collective rockers, but it seems to us that they have an end game. As competition in the fuel market heats up from solar and wind energy, Exxon Mobil is tapping into a huge non-fuel market for natural gas with the Baytown gas-to-plastic expansion.

Polyethylene is perhaps best known for its use in plastic bottles, but it has many other applications including kitchen bags and wraps, industrial tubing and piping, and any number of plastic parts and products.
Read more:

 Share on Facebook Share on Twitter Share on Reddit Share on LinkedIn
Comments Off  comments