Sabic

ExxonMobil, SABIC to proceed with Gulf Coast Growth Ventures project

Submitted by Mark Venables on 9th July 2019

09th July 2019

ExxonMobil, SABIC to proceed with Gulf Coast Growth Ventures project

ExxonMobil and SABIC have announced the decision to proceed with the construction of a chemical facility and a 1.8 million metric ton ethane steam cracker in San Patricio County, Texas, leading to thousands of high-paying jobs and billions in economic output.

Saudi Aramco signs share purchase agreement to acquire majority stake in Sabic

Submitted by Mark Venables on 28th March 2019

28th March 2019

Saudi Aramco signs share purchase agreement to acquire 70% majority stake in SABIC

Sabic announced that Saudi Aramco signed today a share purchase agreement to acquire a 70% majority stake in Sabic from the Public Investment Fund of Saudi Arabia in a private transaction.

SABIC and ExxonMobil advance Gulf Coast project with creation of a new joint venture

Submitted by Mark Venables on 18th May 2018

18th May 2018

SABIC and ExxonMobil have created a new joint venture to advance development of the Gulf Coast Growth Ventures project, a 1.8 million tonne ethane cracker currently planned for construction in San Patricio County, Texas.