Thursday, April 20, 2017

Hyperdrive, Game-Changing: Exxon Mobil And Saudi Plan Multi-Billion Dollar Ethane Cracker Near Texas Gulf -- April 20, 2017

With regard to this story, note this bizjournal headline: shale gas was key factor in landing game-changing Exxon Mobil plastics plant. Link here. Data points:
  • natural gas from Eagle Ford shale was key in landing this project in Texas
  • joint venture: Gulf Coast Growth Ventures; XOM; and, Saudi Basic Industries
  • 1,400-acre site (in this article; elsewhere said to be 1,300 acres)
  • Eagle Ford's proximity to rail, highway, and deep-water port
  • to be operational by 2021
Data points: AP
  • Saudi partner: Saudi Arabia Basic Industries Corp
  • Portland, TX -- just north of Corpus Christi
  • 1,300 acres
  • $10 billion
  • product: polyester, anti-freeze, plastic bottles
  • "thousands of jobs"
Also at Rigzone:
  • one of 11 proposed projects that XOM announced in conjunction with its 10-year $20 billion Growing the Gulf initative
  • 1.8 million tonnes per year of ethylene
  • "thousands of jobs during construction"
  • 600 new, full-time jobs; 3,500 indirect jobs once completed
  • the company anticipates more than $22 billion in economic output during construction and a $50-billion-plus economic impact during first six years of operation
Growing the Gulf Initiative
  • overall should produce more than 45,000 jobs
  • 12,000 of those jobs: full-time; average salary of $100,000/year
  • throughout coastal Texas and Louisiana
More on Saudi Arabia Basic Industries Corp here.

No comments:

Post a Comment