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ExxonMobil, SABIC Plan $10B Petrochemical Plant

ExxonMobil Chemical Company and Saudi Arabia Basic Industries Corp. (SABIC) have selected a site in San Patricio County, TX for potential development of a jointly owned petrochemical complex on the U.S. Gulf Coast. The proposed project is one of 11 ExxonMobil announced as part of its 10-year, $20 billion 'Growing the Gulf' initiative.

The investment would include a world-scale ethane steam cracker capable of producing 1.8 million tons of ethylene per year, which would feed a monoethylene glycol unit and two polyethylene units. 

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