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QATAR, GULF CRISIS: US calls for talks to end diplomatic row
Exxon Mobil plans $10B petrochemical plant near Texas coast
20 April 2017, 02:06 | Laverne Osborne
ExxonMobil, SABIC Choose South Texas Gulf Coast to Site World-Class Cracker
As anticipated, ExxonMobil Corp. and its Saudi Arabian partner agreed Wednesday to develop a world-class ethane steam cracker on the Texas Gulf Coast near Corpus Christi, a facility that if given final approval would be able to produce 1.8 million metric tons/year (mmty) of ethylene.
The proposed project, jointly owned by Saudi Basic Industries Corp., aka SABIC, is to be sited in San Patricio County in South Texas, feeding a monoethylene glycol unit and two polyethylene units.
The proposed multibillion-dollar investment would include an ethane steam cracker capable of producing almost 2 million tons of ethylene a year.
ExxonMobil Chemical Company and SABIC US Projects LLC have developed a partnership to build the plant for the production of components used to manufacture polyester, anti-freeze, plastic bottles and food packaging products for emerging global markets.
In formally announcing the project, Gov. Greg Abbott said the plant "illustrates that our business climate is exactly what leading and growing companies are seeking when investing in their future". Yousef Abdullah Al-Benyan, CEO of SABIC, added: "We are focused on geographic diversification to supply new markets". The fourth also was in Texas. "We were a strong finalist for this project, and we are very proud of the case we made on behalf of our state". After tax credits and rebates are subtracted, the company's Louisiana operations have paid more than $1 billion in state and local taxes during the past decade, Pierson says.
The project is expected to create 600 permanent fulltime jobs, another 11,000 jobs during its five-year construction and inject more than $50 billion into the local economy during the first six years of operations. "We're also proud of our record of progress in continuing to attract significant chemical manufacturing projects". Some residents circulated a petition citing safety and environmental concerns. The plant is set to be built less than 2 miles (3.22 kilometers) from the district high school. If you would like to discuss another topic, look for a relevant article.
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ISIS claim no fighters were killed by Trump's MOAB bomb blast
It delivers an 18,700-pound BLU-120/B warhead, which is made of H6, a mixture of cyclotrimethylene trinitramine, TNT and aluminum. Also on Saturday, Khogyani said a district leader and three others were wounded when their vehicle was targeted by a bomb.
Pence says Washington will 'reform' FTA with S. Korea
Pence, however, reaffirmed that there was no hope of reviving the TPP itself, which he called a "thing of the past" for the US. A senior North Korean official then accused the United States of bringing the countries to the brink of thermonuclear war.