Company: Gulf Coast Growth Ventures
Industries: Manufacturing and Production
ExxonMobil* and SABIC are proposing to build a multi-billion dollar plastics manufacturing facility in San Patricio County, Texas. The project, Gulf Coast Growth Ventures, is a unique opportunity created by the abundance of low cost U.S. natural gas. ExxonMobil and SABIC bring unmatched expertise to this project, having worked together in petrochemical ventures for more than 35 years. Ethylene from an ethane steam cracker would feed three derivative units. One unit would produce monoethylene glycol, which is used in latex paints, automotive coolants and anti-freeze, or as a building block to create various forms of plastics. Additionally, two polyethylene units would provide polyethylene for use in film, packaging, bottles and containers, and various sized pipes.