News Archive
Two Houston-area ports receive combined $26.9M in federal funding for improvement projects
November 5, 2023 - Two Houston-area ports will soon see a combined $26.9 million worth of projects come to fruition thanks to federal grants from the U.S. Department of Transportation’s Maritime Administration.Cedar Port in Baytown will receive nearly $10.9 million for its infrastructure development project, and Port Freeport in southern Brazoria County...
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ExxonMobil completes acquisition of Denbury
November 1, 2023 - SPRING, Texas – Exxon Mobil Corporation (NYSE: XOM) today announced it has closed its acquisition of Denbury Inc. (NYSE: DEN) in an all-stock transaction valued at $4.9 billion, or $89.45 per share, based on ExxonMobil’s closing price on July 12, 2023. Under the terms of the agreement, Denbury shareholders will receive 0.84 shares...
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Baytown council forms new economic development advisory committee
October 26, 2023 - After working for over a month, Baytown City Council has formed the Baytown Economic Development Advisory Committee. The new committee will include citizens that live in extraterritorial jurisdiction areas.Councilwoman Laura Alvarado spoke about the proposed ordinance at Thursday’s council meeting, saying it would include seven members. She...
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LyondellBasell buys into Houston recycling project with Exxon
October 26, 2023 - LyondellBasell said Thursday it acquired a 25% stake in a joint venture with Exxon Mobil as the companies advance their plans for a $100 million recycling project in Houston.The move gives the chemicals company level footing with Exxon, which also has a 25% percent stake. Oregon-based advanced recycling company...
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John Cockerill advances US expansion of hydrogen with launch of gigafactory in Baytown
October 24, 2023 - John Cockerill Hydrogen, a world leading electrolyzer manufacturer announced its US entry with the acquisition of manufacturing space in Baytown for a new gigafactory. The facility is expected to create 200 new jobs and produce 1GW per year of electrolyzers.John Cockerill Hydrogen will serve the North American market from Houston...
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Resin Exports Help Port Houston as Imports Fall
September 25, 2023 - Loaded exports are helping to support overall volumes at Port Houston’s container terminals as loaded import volumes fall compared to record levels in 2022.Export volumes at Port Houston have increased by 10% year-to-date, driven primarily by resin exports. Port Houston is the top gateway for resin exports...
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ExxonMobil invests $2 billion in Baytown chem plant
September 19, 2023 - ExxonMobil announced Tuesday the startup of two new chemical production units at its Baytown manufacturing facility. The $2 billion expansion is part of ExxonMobil’s long-term growth plans to deliver higher-value products from its U.S. Gulf Coast refining and chemical facilities. “With startup of these two new...
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SAMSON Controls expansion to double ops
September 14, 2023 - A groundbreaking ceremony was held at SAMSON Controls Sept. 14 for an expansion to double their production capacity. It was both a celebration of achievements and a forecast ahead to the future of their business around the globe.Many in their 124-person full-time staff surrounded SAMSON Controls COO James Evans, CEO...
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Texas Gulf Coast Comprehensive Economic Development Strategy / Liberty & Chambers County Workshop
August 22, 2023 - The Houston-Galveston Area Council, in collaboration with the Gulf Coast Economic Development District, is developing a new Comprehensive Economic Development Strategy.This strategy will: Shape the economic growth and development of our region through the next five years. Focus on supporting the growth and success of small businesses, education and...
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Enterprise Products expands capacity at Mont Belvieu
August 6, 2023 - Enterprise Products Partners L.P. (“Enterprise”) this week announced the start of service at its 12th natural gas liquids (“NGL”) fractionator in Mont Belvieu, adding an incremental 150,000 barrels per day (“BPD”) of capacity. Supported by long-term customer agreements, the new facility increases...
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