USA: Engineering Exxon Mobil-Sabic JV Reaches Mechanical Completion of Chemical Units
Exxon Mobil and Sabic’s joint venture Gulf Coast Growth Ventures has recently reached mechanical completion of a monoethylene glycol unit and two polyethylene units in Texas, USA. The units will produce fundamental chemicals used in medical, automotive and packaging products.
Irving/USA – Exxon Mobil and Sabic have announced that their joint venture, Gulf Coast Growth Ventures (GCGV) located near Corpus Christi, Texas, USA has reached mechanical completion of a monoethylene glycol unit and two polyethylene units. Project startup is expected to begin ahead of schedule, likely in the fourth quarter of 2021.
Karen McKee, president of Exxon Mobil Chemical Company said, “This is truly a best-in-class project, as demonstrated in schedule acceleration and cost competitiveness, despite the many challenges related to the Covid-19 pandemic.”
When completed, GCGV will produce 1,100 kilotons of monoethylene glycol and 1,300 kilotons of polyethylene per year.
Abdulrahman Al-Fageeh, Sabic’s executive vice president of petrochemicals said, “Not only are we ahead of schedule, but we have executed this project with the highest commitment and emphasis on safety with nearly 18 million safe person-hours worked, all while acting on the promises we made to the community when we started this journey four years ago.”
The project created more than 600 permanent jobs with average salaries of 90,000 dollars per year. An additional 6,000 high-paying jobs were created during construction. The venture has generated more than 22 billion dollars in economic output for the state of Texas during construction and is estimated to create 50 billion dollars in economic benefits during the first six years of operation.
The project, which includes a 1.8 million metric ton ethane steam cracker, is expected to be delivered under budget and approximately 25 percent less than the average cost of similar projects along the U.S. Gulf Coast. When completed, GCGV will produce 1,100 kilotons of monoethylene glycol and 1,300 kilotons of polyethylene per year.
Ownership interests in the Gulf Coast Growth Ventures project is 50 percent Exxon Mobil and 50 percent Sabic, with Exxon Mobil as site operator.