19 April 2017
DETAILS
- Facilities would include
a 1.8 million tonne per year
ethane cracker and derivative units - Part of ExxonMobil’s 10-year,
$20 billion Growing the Gulf initiative - Companies to begin working with
regulatory agencies to obtain necessary permits
ExxonMobil Chemical Company and SABIC
each announced the selection of a site
in San Patricio County, Texas
for potential development of a jointly owned
petrochemical complex on the U.S. Gulf Coast.
The proposed multibillion dollar investment
would include
a world-scale ethane steam cracker capable of
producing 1.8 million tonnes of ethylene per year,
which would feed
* a monoethylene glycol unit and
* two polyethylene units.
The proposed project, one of 11 ExxonMobil
announced as part of its 10-year,
$20 billion Growing the Gulf initiative,
is expected to create thousands of jobs
during the construction phase, as well as
* 600 new, full-time jobs and
* 3,500 indirect jobs during operations.
It is also expected to generate
* more than $22 billion in economic output
during the construction phase and
* more than $50 billion in economic output
during the first six years of operations.
Neil Chapman,
President of ExxonMobil Chemical Company
“This decision represents a significant milestone
for both the local community and the state of Texas,”
“We wish to thank local and state officials
who have been instrumental in the site selection process,
as well as everyone in the community
who attended meetings to learn more about
the project and provided us with constructive feedback.
We will continue listening to local residents and businesses
and look forward to continuing to work together.”
With site selection completed, ExxonMobil and SABIC
will now apply for
the necessary air and wastewater permits
from the Texas Commission on Environmental Quality.
Each company will make a final decision
on the investment
after the required permits have been granted.
Yousef Abdullah Al-Benyan
SABIC vice chairman and CEO
“We are focused on geographic diversification
to supply new markets,”
“The proposed venture would capture competitive feedstock,
capitalize on the growing global demand
for ethylene-based products, and
reinforce SABIC’s strong position in the value chain.”
Texas Governor Greg Abbott
“Texas has shown the business world that our state
is the place where innovation and ingenuity thrive,” .
“This decision by SABIC and ExxonMobil
is a tremendous win for not just San Patricio County,
but for the entire state of Texas.
This record-breaking project illustrates
that our business climate is exactly
what leading and growing companies
are seeking when investing in their future.
READ MORE FROM EXXONMOBIL CHEMICAL
Contact:
ExxonMobil Chemical Company
Media Line: 832-625-4000
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