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.
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