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Saudi Arabia’s SABIC and US ExxonMobil consider petchem JV

by ChemOrbis Editorial Team - content@chemorbis.com
  • 26/07/2016 (09:29)
According to media reports, Saudi Arabia’s SABIC is considering forming a petrochemical joint venture with an affiliate of US’ ExxonMobil.

The project reportedly will be on the United States’ Gulf Coast, in Texas or Louisiana, and will house an ethylene production facility which will provide feedstock to other units to produce ethylene derivatives.

SABIC did not give further details regarding the name of ExxonMobil’s affiliate as well as the financial value of the project. Before giving a final decision, the parties will conduct studies and confer with state and local officials to identify a potential site for the project.
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