ExxonMobil And SABIC Choose South Texas For $10B Plastics Complex
April 21, 2017
The companies select San Patricio County as the location to build a $10 billion plastics manufacturing complex.
After months of negotiations, ExxonMobil and SABIC select San Patricio County as the location to build a $10 billion, 1,300-acre plastics manufacturing complex on the South Texas Gulf Coast. The joint venture between ExxonMobil and SABIC is an opportunity created by the abundance of low cost U.S. natural gas, according to Port Corpus Christi.
The economic forecast for the project reportedly indicates that the multi-billion-dollar investment will generate thousands of high-paying jobs and stimulate positive economic growth for the South Texas region. The ethylene plant is scheduled to come online as early as 2020.
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