Exxon Mobil to Decide Soon on $10B Texas Petrochemical Plant

Fuel Fix, March 23, 2017

Exxon Mobil Corp. said it will decide as soon as May of this year whether it will move forward with a planned $10 billion petrochemical complex north of Corpus Christi now that it has the desired tax breaks approved. The plant, the largest proposed in Texas, would create an estimated 11,000 construction jobs and 600 permanent ones, and feature the world’s biggest ethane cracker, which processes a component of natural gas into ethylene, the primary building block of most plastics. The project is a joint venture between Exxon Mobil and the state-owned Saudi Basic Industries Corp., or SABIC, that’s called Gulf Coast Growth Ventures. 

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