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
PepsiCo Europe and crop nutrition company Yara have announced a long-term partnership aimed at providing European farmers with low-carbon crop nutrition solutions to help decarbonise the food value chain. Under the agreement, Yara will supply PepsiCo with up to 165,000 tons of fertiliser per year by 2030, covering around 25% of the food and beverage giant’s crop fertiliser needs across Europe.
BASF has signed an agreement to sell its flocculants business for mining applications to Solenis, a specialty chemicals manufacturer. The divestment of the flocculants business to Solenis is part of BASF’s ongoing portfolio optimisation with the aim of focusing on strategic core areas.
ADAMA Ltd. a leading crop protection company, announced that its board of directors has appointed Gaël Hili as its President and Chief Executive Officer, effective October 1, 2024. Hili will join the Syngenta Group Leadership Team and will be based in Tel Aviv.
