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Exxon is considering selling plants in the uk and belgium, the people said The company owns an ethylene plant in the scottish town of fife, as well as several production sites in belgium. Exxon is considering selling or shutting its chemical plants in belgium and the uk as eu tariffs, regulation, and chinese competition squeeze profitability. Exxon mobil is acquiring assets to produce synthetic graphite for ev batteries, targeting commercial output by decade's end, building on its lithium initiatives to diversify from oil amid surging ev demand
This move aims to reduce china dependence and leverage u.s Incentives, though challenges like costs and environmental impacts remain. Log in to your credit card account to make payments, track activity and more
