News Archive
Regional recycling endeavor launched
February 9, 2022 - The City of Houston, ExxonMobil, Cyclyx International, LyondellBasell and FCC Environmental Services have entered into an agreement to form the Houston Recycling Collaboration — and effort to significantly increase recycling in the region which will also provide a source of recyclable plastic for ExxonMobil’s advanced recycling facility in...
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Exclusive: Walmart planning huge new distribution center in Houston as e-commerce competition intens
January 27, 2022 - Walmart is investing in a new distribution center in the southeast Houston area as e-commerce continues to light up the city’s industrial real estate market.Walmart is developing 1 million square feet of warehouse space in Baytown at 4633 Borusan Road at Cedar Port Trade Center, a distribution facility developed...
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Exxon, SABIC launch chemical plant near Corpus Christi
January 20, 2022 - A $7 billion chemical plant owned jointly by Exxon Mobil and Saudi Basic Industries Corp., or SABIC, has kicked off operations, the companies said Thursday. The facility broke ground in 2019 and features the world’s largest unit for processing ethane, a component of natural gas, into ethylene,...
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Shell, others join coalition supporting Houston carbon capture hub
January 19, 2022 - Shell, Air Liquide and BASF have joined a coalition of energy companies supporting Exxon Mobil’s proposal to build a $100 billion carbon capture and storage hub in Houston. The three companies join Calpine, Chevron, Dow, Exxon, INEOS, Linde, LyondellBasell, Marathon Petroleum, NRG Energy, Phillips 66 and Valero. The coalition...
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Reich Buys Huge Site Near Port of Houston
January 10, 2022 - HOUSTON – (Realty News Report) – Reich Brothers acquired the former 1.2 million SF DHL Intermodal Campus in Baytown, with plans to redevelop the property.The DHL facility is located in the 15,000-acre TGS Cedar Port Industrial Park, the nation’s largest rail and barge-served industrial park,The DHL Intermodal...
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Chevron Phillips Chemical completes first commercial sales of Marlex Anew circular polyethylene
January 10, 2022 - Reaching a significant milestone in its efforts to strengthen the circular economy for plastics, Chevron Phillips Chemical (CPChem) announced the first commercial sales of its Marlex Anew circular polyethylene. Using advanced recycling technology to process pyrolysis oil, a feedstock made from difficult-to-recycle waste plastics, CPChem is delivering on its commitment...
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Is a return to normalcy in the cards for Houston’s economy in 2022?
January 2, 2022 - In the record books, 2021 is set to go down as Houston’s best year ever for job growth. But the statistics mask the ups and down, fits and starts, despair and hope that characterized the economy last year.Will 2022 move us close to normal? We asked three local economists,...
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Satterfield & Pontikes Construction acquires Fort Worth firm
December 27, 2021 - Houston-based Satterfield & Pontikes Construction announced the acquisition of Eagle Contracting, a privately held Fort Worth-based general contractor specializing in the water and wastewater industry. Terms were not disclosed.The company will continue to operate under the Eagle Contracting name and be led by Roy Ewen, president, and Billy...
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Fidelis’ Mont Belvieu retail complex a full go
December 22, 2021 - There is hardly any doubt that Mont Belvieu is a growing city. Along with growth comes more residential as well as retail services. Mont Belvieu Crossing is a response to this growth, city officials say. Mont Belvieu Crossing, a Fidelis Realty Partners project that sits at the corner of...
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Chevron Phillips Chemical to build propylene unit in Baytown, Texas
December 14, 2021 - Chevron Phillips Chemical announced today plans to expand its propylene business with a final investment decision for a new C3 splitter unit. The unit’s location will be in Baytown, Texas, within the company’s Cedar Bayou facility. Its expected capacity is 1 billion lbs./year with targeted start...
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