Exxon Mobil and Saudi Arabia’s top chemical company, SABIC, have selected a site north of Corpus Christi, Texas for a proposed $10 billion petrochemical facility, FuelFix.com reports.
The companies, which had also considered St. James Parish for the plant, have not made a final decision on whether to assemble the project. That could come next year, according to the publication.
Exxon recently announced plans to invest $20 billion over the next decade on Gulf Coast projects. Local Texas officials have voted to grant $460 million in tax breaks for the proposed ethane cracker, FuelFix.com reports.
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