London +4420 814 42225
Moscow +7495 543 9194
Kiev +38044 599 2950
info@mrcplast.com

Our Clients

Order Informer

 
Home > News >
 

ExxonMobil and SABIC venture breaks ground on USD7 bln ethylene cracker

September 23/2019

MOSCOW (MRC) -- A little more than two years after announcing it had selected San Patricio County as the site for its new ethylene cracker plant, ExxonMobil and Saudi Basic Industries Corp. celebrated the groundbreaking for the new facility, reported Plastemart.

This marks the symbolic start of construction on the USD7 bln Gulf Coast Growth Ventures facility near Gregory.

The Texas Commission on Environmental Quality granted GCGV permits in June that allowed construction to move forward, following a contested case hearing held after concerns were raised by environmental groups and local residents.

As MRC reported earlier, in October 2017, ExxonMobil Chemical Company commenced production on the first of two new 650,000 tons-per-year high-performance polyethylene (PE) lines at its plastics plant in Mont Belvieu, Texas. The full project, part of the company's multi-billion dollar expansion project in the Baytown area and ExxonMobil's broader Growing the Gulf expansion initiative, will increase the plant's polyethylene capacity by approximately 1.3 million tons per year.

Ethylene and propylene are feedstocks for producing polyethylene (PE) and polyprolypele (PP).

According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 1,255,800 tonnes in the first seven months of 2019, up by 9% year on year. Shipments of all PE grades increased. At the same time, the estimated PP consumption in the Russian market was 796,120 tonnes in January-July 2019, up by 11% year on year. Shipments of PP block copolymer and homopolymer PP increased.

ExxonMobil is the largest non-government owned company in the energy industry and produces about 3% of the world"s oil and about 2% of the world's energy.

Saudi Basic Industries Corporation (Sabic) ranks among the world's top petrochemical companies. The company is among the world's market leaders in the production of polyethylene, polypropylene and other advanced thermoplastics, glycols, methanol and fertilizers.


mrcplast.com
Author:Margaret Volkova
Tags:PP, PE, PP block copolymer, homopolymer PP, propylene, ethylene, Exxon Mobil, Sabic, Russia, USA.
Category:General News
|
| More

Leave a comment

MRC help

 


 All News   News subscribe