Exxon, under fire over plastic recycling, spending $200 mln to expand Texas plants
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Exxon Mobil Corp is investing $200 million to expand its Texas plants for plastics recycling amid a California lawsuit over its role in plastic waste pollution. The expansion aims to replace fossil fuels with recycled materials.
November 21, 2024 | 1:30 pm
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Exxon Mobil is expanding its Texas plants for plastics recycling with a $200 million investment, amid a lawsuit in California over its role in plastic waste pollution.
The $200 million investment in recycling facilities is a significant move by Exxon Mobil to address environmental concerns and legal challenges. This could improve its public image and potentially lead to positive investor sentiment, driving the stock price up in the short term.
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