The hottest joint venture between ExxonMobil and S

2022-08-19
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ExxonMobil and SABIC jointly build a large petrochemical plant in the Gulf of Mexico

it is said that after all, some powerful manufacturers may have relatively high prices. The use of Jones CFRP in the market will continue to expand. On July 25, ExxonMobil is considering building a large petrochemical plant in the Gulf of Mexico in the form of a joint venture with Saudi Basic Industries Corporation (SABIC). SABIC is one of the largest chemical companies in the world

the news announced on Monday shows that energy companies continue to seek potential investment opportunities even though oil and natural gas prices remain depressed

the two companies said that if they decided to develop the project, the site would be located in Texas or Louisiana, close to areas with abundant cheap natural gas supply. The project will also include a steam cracking unit that can produce chemicals for plastic products such as American football helmets or bulletproof vests

the two companies have not made a final investment decision, and plan to conduct further research and consult local government officials to help select a potential plant site, so that similar experimental models have similar operation interfaces. Neither company disclosed the estimated cost of establishing the joint venture plant

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