ExxonMobil and Saudi SABIC to Build Petrochemical Project in Texas
Saudi Arabia’s petrochemical company SABIC and U.S. oil and gas corporation ExxonMobil agreed to proceed with the construction of a chemical facility and a 1.8 million metric ton ethane steam cracker in San Patricio County, Texas.
The project will create 6,000 jobs during construction and 600 permanent jobs. The economic output will exceed $50 billion during first six years.