01 June 2012 13:35 [Source: ICIS news]
(releads, adds detail throughout)
The "world-class" project, due to start-up in 2016, will also include premium product facilities at the integrated
ExxonMobil has filed permit applications with the US Environmental Protection Agency and the Texas Commission on Environmental Quality, with government reviews and approvals expected to take around a year.
“The new facilities would enhance ExxonMobil’s international petrochemical manufacturing network, and help meet growing global demand for high-quality petrochemical products which are used in a wide range of consumer and industrial applications,” said company spokesperson Margaret Ross.
“This proposed expansion would enable ExxonMobil Chemical to economically supply the rapidly growing demand for high-value polyethylene products.
“ExxonMobil Chemical estimates exports could increase significantly as a result of the expansion.
“The proposed investment reflects ExxonMobil’s continued confidence in the natural gas-driven revitalisation of the
ExxonMobil will make a final investment decision following completion of the government’s reviews and approvals, Ross said.
The project will create an estimated 10,000 construction jobs with around 350 permanent jobs added to the company’s 6,500-strong workforce in the
ExxonMobil estimates that it would increase regional economic activity by approximately $870m (€705m) per year and generate over $90m per year of additional tax revenues for local communities.
“The natural gas revolution in the
($1 = €0.81)
Leigh Stringer contributed to this article
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections