ExxonMobil Chemical and SABIC have selected a site in San Patricio County, Texas, near Corpus Christi, for developing a jointly owned petrochemical complex on the US Gulf Coast.
ExxonMobil and SABIC will now apply for air and wastewater permits from the Texas Commission on Environmental Quality (TCEQ). Each company will make a final decision on the investment after the required permits have been granted.
The proposed multibillion-dollar investment would include a world-scale ethane steam cracker capable of producing 1.8 million tons/year of ethylene, which would feed an ethylene glycol unit and two polyethylene units.
“We are focused on geographic diversification to supply new markets,” says Yousef Abdullah al-Benyan, vice chairman and CEO of SABIC. “The proposed [JV] would capture competitive feedstock, capitalize on the growing global demand for ethylene-based products, and reinforce SABIC’s strong position in the value chain.”
Earlier this year SABIC confirmed a local press report that the partners were targeting San Patricio County. ExxonMobil and SABIC have jointly operated major chemical ventures in Saudi Arabia for 35 years. The proposed project would be their first joint venture in the United States.
By Francinia Protti-Alvarez
Source: Chemical Week
BASF will build a commercial scale battery recycling black mass plant in Schwarzheide, Germany. This investment strengthens BASF’s cathode active materials (CAM) production and recycling hub in Schwarzheide. The site is an ideal location for the build-up of battery recycling activities given the presence of many EV car manufacturers and cell producers in Central Europe.
Clariant says it is reducing its number of businesses from five to three, by merging units, under a reorganization that is in line with the company’s purpose-led strategy and cultural transformation. The moves will position Clariant for long-term sustainable growth, the company says.
Chemicals & plastics industry has the most diversified end-use market across all manufacturing industries. The industry returned to growth in 2021 but a supply chain crunch prevented it from becoming stronger. The market is likely to stabilize in the second half of 2022 with a supply-demand balance.