ExxonMobil, Saudi company want to build ethane ‘cracker’ plant
Monday, May 21, 2018
by Matt Warnock
The Houston Business Journal reports that ExxonMobil Chemical Co. and Saudi Basic Industries Corp. have formed a joint venture for their Gulf Coast Growth Ventures project that will include a 1.8 million-tonne ethane “cracker” plant in Portland, Texas. The newspaper says the move is a key milestone because it allows the companies to continue advancing the $10 billion project. The plant is expected to be operational around 2021 or 2022. For more, read the full story.