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.