Exxon Mobil, SABIC to proceed with construction of Texas chemical facility.
Exxon Mobil and SABIC announced the decision to proceed with the construction of a chemical facility and a 1.8M metric ton ethane steam cracker in San Patricio County, Texas. The joint-venture between Exxon Mobil and SABIC, called Gulf Coast Growth Ventures, received final environmental regulatory approval in June to build an ethane steam cracker, two polyethylene units and a monoethylene glycol unit. Construction will begin in Q3 and startup is anticipated by 2022. The project is expected to create more than 600 permanent jobs with average annual salaries of $90,000 per year. An additional 6,000 jobs will be created during construction. The facility will produce materials used in the manufacturing of various consumer products including automotive coolants, packaging, agricultural film and building, construction materials and clothing. Ownership interests in the Gulf Coast Growth Ventures project is 50% Exxon Mobil and 50% SABIC, with Exxon Mobil as site operator.
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|Date:||Jun 13, 2019|
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