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Exxon Baytown, Texas, refinery workers ratify contract

June 04/2020

MOSCOW (MRC) -- Workers represented by the United Steelworkers union (USW) at Exxon Mobil Corp�s Baytown, Texas, refinery ratified a new three-year contract night, a company spokesman said, as per Reuter.

The contract provides a 2% pay increase in the first year and 2.5% pay increase for the second year, said sources familiar with the agreement. The pay increase in the third year will match the increase agreed to in a new national pattern agreement to be worked out between the USW and oil companies in January 2022, according to the sources.

"We are pleased with this successful outcome and settlement of the contract for the Baytown Refinery,� said Exxon spokesman Jeremy Eikenberry. �We believe this agreement is mutually beneficial for both the union workers and the company."

The Baytown refinery is Exxon�s largest refinery in the United States.

As MRC informed before, in September 2019, ExxonMobil announced plans to spend GBP140 million over the next two years in an additional investment program at its Fife ethylene plant, which has a capacity of more than 800,000 t/y.

Ethylene and propylene are feedstocks for producing polyethylene (PE) and polypropylene (PP).|

According to MRC"s ScanPlast report, Russia"s estimated PE consumption totalled 557,060 tonnes in the first three month of 2020, up by 7% year on year. High density polyethylene (HDPE) and linear low density polyethylene (LLDPE) shipments rose because of the increased capacity utilisation at ZapSibNeftekhim. Demand for LDPE subsided. At the same time, PP shipments to the Russian market was 267,630 tonnes in January-March 2020, down 20% year on year. Homopolymer PP and PP block copolymers accounted for the main decrease in imports.

ExxonMobil is the largest non-government owned company in the energy industry and produces about 3% of the world"s oil and about 2% of the world"s energy.


mrcplast.com
Author:Anna Larionova
Tags:petroleum products, crude oil, PP, PE, Exxon Mobil.
Category:General News
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