ExxonMobil and SABIC will proceed with the construction of a chemical facility and a 1.8 million metric tonne ethane steam cracker in Texas.
The Gulf Coast growth ventures project received final environmental regulatory approval in June 2019 to build an ethane steam cracker, two polyethylene units and an monoethylene glycol unit. Construction work will start in the third quarter of 2019 and startup is expected by 2022.
Project construction will be led by four primary EPC companies: The Wood Group, McDermott & Turner Industries Group, Chiyoda & Kiewit and Mitsubishi Heavy Industries & Zachry Group.
Darren Woods, chairman and CEO of ExxonMobil, says: '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.
'It is one of several key projects that provide the foundation for significantly increasing the company's earnings potential.'
SABIC vice chariman and CEO Yousef Al-Benyan adds: 'SABIC is very pleased to move forward on this joint venture with ExxonMobil – the first to be operated outside of Saudi Arabia.
'This project will not only increase global diversification for our company but will also continue to create value within our new home of San Patricio County through creating jobs and supporting economic growth.'
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