SABIC, ExxonMobil $7.3bn US cracker JV to start construction in Q2

摘要

SINGAPORE (ICIS)--Saudi Arabia’s petrochemical major SABIC expects construction of its planned US joint venture cracker project with energy firm ExxonMobil to begin during the second quarter. The cost of the project in San Patricio County, Texas, is estimated at about $7.3bn; with engineering, procurement and construction (EPC) contracts signed with Chiyoda Kiewit Joint Venture and CTCI McDermott, SABIC said in a filing to the Saudi Stock Exchange or Tadawul on 1 May.