01 June 2012 13:35 [Source: ICIS news]
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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
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