SINGAPORE (ICIS)--Saudi Arabia chemicals major SABIC on Sunday said that its joint venture project with ExxonMobil near Corpus Christi, Texas, has started commissioning activities and is preparing for initial start-up.
The complex features two polyethylene (PE) units with a combined capacity of 1.3m tonnes/year as well as an monoethylene glycol (MEG) unit with a capacity of 1.1m tonnes/year.
The complex will also include a 1.8m tonne/year ethane cracker.
The site will be operated by ExxonMobil.
"This project supports SABIC's expansion strategy, diversifies sources of feedstock, and enhances SABIC's presence in the North American petrochemical industry through a wide range of products," the company said in a filing to the Saudi bourse, Tadawul.
Gulf Coast Growth Ventures, the equal joint venture between SABIC and ExxonMobil, earlier in July announced the mechanical completion of the PE and MEG units at the site.
The start-up of the project is expected to begin ahead of schedule, likely in the fourth quarter of 2021, it said in a statement.
SABIC expects that the project will have a positive impact on its consolidated financial statements following the start of commercial operations, the company added.
SABIC swung to a net profit in the second quarter of 2021 on the back of higher product prices and sales volumes.
Thumbnail photo: SABIC flag (Source: SABIC)