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The parent company of Gulf Coast Growth Ventures, a joint venture between ExxonMobil and Saudi Arabia, recently announced the mechanical completion of the PE and EG facilities of their new petrochemical plant near Corpus Christi, Texas
.
The complex is expected to start early in the fourth quarter of 2021, they said
.
The complex has two PE units with a combined capacity of 1.
3 million tons/year and one EG unit with a combined capacity of 1.
1 million tons/year
.
The complex will also include a 1.
8 million t/y ethane cracker
.
The projects are expected to compete within budget and will cost about 25 percent less than a similar project on the U.
S.
Gulf Coast, the companies said
.
Karen McKee, President of ExxonMobil Chemical Company, said: "Gulf Coast Growth Ventures is a key development initiative we have established to meet growing demand for our high-value performance products
.
Despite the many challenges related to the COVID-19 pandemic, But it is truly a first-class project, proven in terms of schedule acceleration and cost competitiveness
.
"
Abdulrahman Al-Fageeh, Executive Vice President, SABIC Petrochemicals said: “We are very proud to take GCGV operations one step further
.
Not only have we completed the plan ahead of schedule, but we have executed this project with the highest commitment and focus on safety.
, close to 18 million hours of safe work
.
”
