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SABIC, Exxon Mobil to build petrochemical plant in Texas

SABIC, Exxon Mobil to build petrochemical plant in Texas
SABIC obtained all necessary regulatory approvals to build petrochemical plant in Texas
SABIC
2010
0.65% 92.40 0.60

Riyadh – Mubasher: Petrochemicals giant Saudi Basic Industries Corporation (SABIC) has received all necessary regulatory approvals, including environmental authorization, to establish a petrochemical plant in a joint project with Exxon Mobil in the American Gulf Coast’s San Patricio County, Texas.

The project is expected to have a positive impact on the company's financials after the completion of the project and starting the commercial operations, according to SABIC’s statement to the Saudi Stock Exchange (Tadawul) on Thursday.