HOUSTON, US: ExxonMobil Chemical Company and Sabic said that they have selected a site in San Patricio County, Texas for the potential development of a jointly owned petrochemical complex on the US Gulf Coast.
The proposed multi-billion 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.
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.
“This decision represents a significant milestone for both the local community and the state of Texas. We will continue listening to local residents and businesses and look forward to continuing to work together,” said Neil Chapman, president of ExxonMobil Chemical Company.
“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,” said Yousef Abdullah Al-Benyan, CEO, Sabic.
© Worldofchemicals News
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