14 Jun – ExxonMobil and SABIC to proceed with new petchem project in US
source Chemorbis
According to a press release, the joint venture between ExxonMobil and SABIC, called Gulf Coast Growth Ventures, received final environmental regulatory approval to start construction of a new petrochemical facility and the world’s largest steam cracker in Texas, the US.
The joint venture is expected to start construction in the third quarter of 2019 and the startup is anticipated by 2022.
The ambitious project includes two PE units, a MEG unit and a 1.8 million tons/year ethane cracker.