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ExxonMobil, SABIC Agree on Proposed Petrochemical Project

Affiliates of Exxon Mobil and SABIC (Saudi Basic Industries Corporation) signed an agreement to conduct a detailed study of the proposed Gulf Coast Growth Ventures project in Texas and begin planning for front-end engineering and design work. The agreement was signed during the Saudi-US CEO Forum in Riyadh.

In April 2017, ExxonMobil and SABIC selected a site in San Patricio County, TX, for the proposed petrochemical complex that would include an ethane steam cracker capable of producing 1.8 million tons of ethylene per year, a monoethylene glycol unit and two polyethylene units. The project is one of 11 major chemical, refining, lubricant and liquefied natural gas projects associated with ExxonMobil’s Growing the Gulf initiative in the U.S. that have been made possible by the abundance of low-cost U.S. natural gas. 

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