Exxon, Sabic to Proceed With Chemical Facility in Texas
13 Juin 2019 - 4:14PM
Dow Jones News
By Michael Dabaie
Exxon Mobil Corp. (XOM) and Saudi chemicals company Sabic said
they would proceed with the construction of a chemical facility and
a 1.8 million metric ton ethane steam cracker in San Patricio
County, Texas.
The joint-venture between Exxon and Sabic, called Gulf Coast
Growth Ventures, received final environmental regulatory approval
in June 2019 to build an ethane steam cracker, two polyethylene
units and a monoethylene glycol unit. Construction will begin in
the third quarter of 2019 and startup is anticipated by 2022, the
companies said.
The facility will produce materials used in the manufacturing of
consumer products including automotive coolants, packaging,
agricultural film and building, construction materials and
clothing.
Project construction will be led by the Wood Group, McDermott
and Turner Industries Group, Chiyoda and Kiewit, and Mitsubishi
Heavy Industries and Zachry Group.
Ownership interests in the Gulf Coast Growth Ventures project is
50% Exxon and 50% Sabic, with Exxon as site operator. The
investment would create 6,000 jobs during construction and 600
permanent jobs, the companies said.
Write to Michael Dabaie at michael.dabaie@wsj.com
(END) Dow Jones Newswires
June 13, 2019 09:59 ET (13:59 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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