Exxon investing $100 million in facility to produce cleaning alcohol for chip industry
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Exxon Mobil is investing $100 million to upgrade its Baton Rouge chemical plant to produce high-purity isopropyl alcohol for the semiconductor industry. The facility upgrade, set to complete by 2027, aims to meet growing tech industry demand for chip cleaning and processing chemicals, particularly as AI development drives chip manufacturing expansion.
March 26, 2025 | 2:30 pm
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Exxon is positioning itself as a domestic supplier of high-purity isopropyl alcohol for U.S. tech companies, potentially creating a new revenue stream in the semiconductor supply chain.
The investment demonstrates Exxon's strategic diversification into high-tech chemical production, potentially opening new market opportunities and revenue streams in the semiconductor industry. The targeted completion by 2027 and focus on U.S. customers suggest a well-planned, long-term growth strategy.
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