Sector News

ExxonMobil and SABIC select site for planned petchem JV

April 20, 2017
Chemical Value Chain

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

comments closed

Related News

November 27, 2022

ICIG to acquire MSSA from Nippon Soda

Chemical Value Chain

International Chemical Investors Group (ICIG) has entered exclusive negotiations with Nippon Soda and made what it said is a “firm and binding offer” to acquire the Japanese group’s offshoot Métaux Spéciaux (MSSA), a sodium metal specialist.

November 27, 2022

FIFA World Cup: Coca-Cola launches 100% recycled PET bottles to promote Qatari recycling

Chemical Value Chain

Aligning with the SC’s key initiatives on responsible plastic recycling, Coca‑Cola Middle East’s pilot of 100% rPET bottles marks the first time the packaging will be in circulation at a FIFA World Cup tournament and serves as Coca‑Cola’s debut in locally producing the bottles in the region.

November 27, 2022

Neste acquires another used-oils business in the U.S.

Chemical Value Chain

Through the transaction, Neste is acquiring a leading UCO collection and recycling business on the US West Coast, covering the collection, logistics and storage of UCO in California, Oregon and Washington. Together with the previous acquisitions (…) the transaction continues to enhance Neste’s global raw materials sourcing platform.