Sabic

ExxonMobil, SABIC Sanction $10B South Texas Petchem Project

ExxonMobil Corp. and its Saudi Arabian partner on Thursday pulled the trigger to sanction the world’s largest steam cracker, a 1.8 million metric ton/year project on the South Texas coast that would create thousands of jobs and billions in economic output.

June 13, 2019
Saudi Aramco Set to Diversify Global Oil, Gas Investments with Sabic Stake

Saudi Aramco Set to Diversify Global Oil, Gas Investments with Sabic Stake

Saudi Arabia’s national oil company is buying a 70% stake in Saudi Basic Industries Corp., aka Sabic, the kingdom’s petrochemicals firm, in a $69.1 billion deal that paves the way for an infusion of investments into global oil and gas deals beyond the Middle East.

March 29, 2019

Saudis May Join South Louisiana Methanol Project Planned in Louisiana

Preliminary plans are in the works to build a 2 million metric ton/year (mmty) methanol production plant on the Mississippi River in Louisiana, which would be the largest of its kind in North America.

January 4, 2019

ExxonMobil, SABIC Create JV to Advance South Texas Ethane Cracker

ExxonMobil Corp. and Saudi Basic Industries Corp., i.e. SABIC, on Tuesday created a joint venture (JV) to further advance their Gulf Coast Growth Ventures project, a 1.8 million metric ton ethane cracker proposed for San Patricio County, TX.

May 1, 2018

U.S. Energy Sector Secures Billions in Saudi Deals

U.S. oil and natural gas operators inked deals over the weekend with Saudi Arabia that are expected to create billions in revenue as President Trump completed the first leg of a nine-day marathon trip to the Middle East and Europe.

May 22, 2017
ExxonMobil, SABIC Choose South Texas Gulf Coast to Site World-Class Cracker

ExxonMobil, SABIC Choose South Texas Gulf Coast to Site World-Class Cracker

As anticipated, ExxonMobil Corp. and its Saudi Arabian partner agreed Wednesday to develop a world-class ethane steam cracker on the Texas Gulf Coast near Corpus Christi, a facility that if given final approval would be able to produce 1.8 million metric tons/year (mmty) of ethylene.

April 19, 2017

ExxonMobil, SABIC Mulling Development of Gulf Coast Petchem Facility

SABIC (Saudi Basic Industries Corp.) and an affiliate of ExxonMobil Corp. are considering the development of a jointly owned petrochemical complex on the U.S. Gulf Coast.

July 26, 2016

Louisiana NGL Cracker Poised for Expansion

Boosted by the “shale gas revolution,” Williams on Tuesday said it will spend up to $400 million to expand its Geismar olefins production facility near Baton Rouge, LA.

September 21, 2011