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USA: Natural Gas Processing Exxon Mobil and Sabic Select San Patricio County as Location for New Plastics Manufacturing Facility

| Editor: Alexander Stark

Exxon Mobil and Sabic announced they have selected the San Patricio County site as their location to build its $ 10 billion plastics manufacturing complex on the South Texas Gulf Coast.

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“Port Corpus Christi looks forward to working with Exxon Mobil and Sabic on the development of this state-of-the-art project. We are honored to know that our region’s team was able to work together to help Exxon Mobil in selecting our region among others on the U.S. Gulf Coast,” said Charles W. Zahn, Chairman of the Port Corpus Christi Commission.
“Port Corpus Christi looks forward to working with Exxon Mobil and Sabic on the development of this state-of-the-art project. We are honored to know that our region’s team was able to work together to help Exxon Mobil in selecting our region among others on the U.S. Gulf Coast,” said Charles W. Zahn, Chairman of the Port Corpus Christi Commission.
(Source: Port of Corpus Christi)

Corpus Christi/USA — Having worked together for more than 35 years, the new joint venture project between the two companies will be supplied by low cost U.S. natural gas. According to the companies, the economic forecast for this project indicates the multi-billion-dollar investment would create significant benefits for the South Texas region and beyond, generating thousands of jobs and stimulating positive economic growth. The plant would produce ethylene, one of the key ingredients for products ranging from antifreeze to plastics and it is scheduled to come online as early as 2020.

The economic impact projected by Exxon Mobil:

• 6,000 Jobs during peak construction phase

• $ 22 billion in economic gains for the state during construction

• $ 50 billion in economic gains for the state during first six years

• 3,500 indirect and induced jobs in the state

• 600 new permanent jobs at the site

• $ 90,000 average annual salary plus benefits

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