ExxonMobil Corporation and Sabic have created a new joint venture to advance the development of the Gulf Coast Growth Ventures project. The project is a 1.8 million tonne ethane cracker currently planned for construction in San Patricio County, Texas.
The facility will also include a monoethylene glycol unit and two polyethylene units.
Sabic is the operating partner for two long-standing joint ventures with ExxonMobil in the Kingdom of Saudi Arabia, Kemya in Jubail and Yanpet in Yanbu.
Creation of the new joint venture represents a key milestone that allows the two companies to continue advancing the project, which is expected to create 600 new, permanent jobs, about 3,500 indirect and induced jobs during operations, as well as 6,000 construction jobs during the peak of construction.
Construction of the project, announced in 2016, is pending completion of the environmental permitting process. The plant is expected to be operational in the 2021-2022 timeframe.
ExxonMobil Corporation and Sabic have created a new joint venture to advance the development of the Gulf Coast Growth Ventures project. The project is a 1.8 million tonne ethane cracker currently planned for construction in San Patricio County, Texas.
The facility will also include a monoethylene glycol unit and two polyethylene units.
Sabic is the operating partner for two long-standing joint ventures with ExxonMobil in the Kingdom of Saudi Arabia, Kemya in Jubail and Yanpet in Yanbu.
Creation of the new joint venture represents a key milestone that allows the two companies to continue advancing the project, which is expected to create 600 new, permanent jobs, about 3,500 indirect and induced jobs during operations, as well as 6,000 construction jobs during the peak of construction.
Construction of the project, announced in 2016, is pending completion of the environmental permitting process. The plant is expected to be operational in the 2021-2022 timeframe.
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