ExxonMobil & Sabic ink pact for next phase of US petrochemical project

Exxon Mobil Corporation and Sabic (Saudi Basic Industries Corporation) have signed an agreement on Saturday to conduct a detailed study of the proposed Gulf Coast Growth Ventures project in Texas and begin planning for front-end engineering and design work. 

“This agreement represents an important step in the progression of the Gulf Coast Growth Ventures project. We have a long and successful relationship with SABIC, which will be enhanced by this potential project that will create value for our companies and our communities,” commented Philippe Ducom, president, chairman and chief executive officer of ExxonMobil Saudi Arabia Inc.

In April 2017, ExxonMobil and Sabic