SABIC and ExxonMobil have formed a joint venture to accelerate development of the Gulf Coast growth ventures project.
The project comprises a 1.8 million tonnes ethane cracker, which will be built in San Patricio County, Texas. It will also include a monoethylene glycol unit and two polyethylene units.
Construction of the project, announced in 2016, is pending completion of the environmental permitting process. It is expected to be operational in the 2021 – 2022 timeframe.
‘We look forward to the next phaser of the project, which supports not only our goals for global diversification, but also supports Saudi Vision 2030,’ says SABIC vice chairman and CEO Yousef Al-Benyan. ‘In addition, we are proud of the role the project will play in enhancing the economic profile of San Patricio Country, Texas.’