04:47 AM EDT, 09/18/2025 (MT Newswires) -- Exxon Mobil ( XOM ) is suspending more than $100 million in investments in chemical recycling projects in Belgium and the Netherlands due to concerns over proposed EU rules that could undermine the projects' potential business viability, The Wall Street Journal reported Thursday, citing senior vice president Jack Williams.

The executive said the two projects are now on hold because an EU proposal could limit the amount of recycling credits the company could claim, the report said.

"What we're seeing right now is a regulatory environment that's not competitive," said Williams, according to the Journal. "It's going to result in less plastic getting recycled."

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