Chemical Company and Sabic
have selected a site in San Patricio County (Texas) for the development of a jointly owned petrochemical complex on the US Gulf Coast.
The proposed multibillion dollar investment would include a world-scale ethane steam cracker capable of producing 1.8 million tonnes per annum (MTPA) of ethylene, which would feed a monoethylene glycol unit and two polyethylene
The proposed petrochemical complex is one of 11 projects announced by ExxonMobil
as part of its 10-year, $20 billion Growing the Gulf initiative. The project is 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.
“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,” said Neil Chapman, president of ExxonMobil
With site selection completed, ExxonMobil
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.
“We are focused on geographic diversification to supply new markets. The proposed venture would capture competitive feedstock, capitalise on the growing global demand for ethylene-based products, and reinforce Sabic’s strong position in the value chain,” commented Yousef Abdullah Al-Benyan, vice chairman and CEO, Sabic.