Exxon Mobil

Saudi Arabia’s SABIC, to start work on $9bn US plant

  • The 50/50 joint venture with Exxon Mobil, called Gulf Coast Growth Ventures, will have the ability to produce 1.8 million metric tons a year
  • Oil producers and refiners see petrochemicals as a growing market for their crude as demand for motor fuels is expected to plateau
By Reuters ·