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ExxonMobil and SABIC to proceed with Gulf Cost Growth Ventures project
ExxonMobil and SABIC have announced that they plan to proceed with the construction of a chemical facility and a 1.8mn tonne ethane steam cracker in San Patricio County, Texas, US.
‘Building the world’s largest steam cracker, with state-of-the-art technology, on the doorstep of rapidly growing Permian production gives this project significant scale and feedstock advantages,’ says Darren Woods, Chairman and CEO, ExxonMobil. ‘It is one of several key projects that provide the foundation for significantly increasing the company’s earnings potential.’
The 50:50 joint venture, 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 3Q2019 and start-up is anticipated by 2022.
