Landmark ExxonMobil SABIC project cites deep water port, skilled workforce, natural gas resources in site selection choice
Apr 20, 2017
Access to rail, deep water port facilities, an educated workforce, and plentiful natural gas supply led to a decision for ExxonMobil and SABIC executives to select a site in San Patricio County for a joint venture
Yousef Abdullah Al-Benyan, CEO of SABIC, addresses attendees at the ExxonMobil SABIC site selection announcement.
project. The joint-venture project will result in construction of the world’s largest ethylene plant. It is a $10 Billion project on 1,300 acres in San Patricio county with direct access to the Port of Corpus Christi.
The official announcement was held Wednesday at the Portland, Texas Civic Center with Neil Chapman, President of ExxonMobil, and Yousef Abdullah Al-Benyan, CEO of SABIC.
Project economic impact includes the following:
- 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 6 years
- 3,500 indirect and induced jobs in the state
- 600 new permanent jobs at the site
- $90,000 average annual salary plus benefits
Neil Chapman, President of ExxonMobil Corp., mentioned the South Texas natural gas supply, and deep water of Port Corpus Christi waterways as key factors in site selection.
Further Coverage:
Port of Corpus Christi – Press Release – ExxonMobil and SABIC Select San Patricio County as Location for New Plastics Manufacturing Facility 4-2017
Houston Business Journal – Exxon, SABIC officially pick location for proposed $10B petrochem project
ABC 13 – ExxonMobil to build petrochemical plant outside Corpus Christi
San Antonio Express – Exxon chooses site near Corpus for massive $9.3B petrochemical plant
Caller Times – Reaction pours in following Exxon decision
Plastics News – ExxonMobil, Sabic pick Corpus Christi for massive petrochemicals project
Chimie – Exxon & SABIC construisent au Texas