Saudi Arabia's SABIC launches U.S. Gulf Coast project with ExxonMobil
[1/2] Thomas Martenak (2nd L), international crude marketing manager for U.S. major ExxonMobil, talks to a visitor at the ExxonMobil booth during the China (Dongying) International Petrochemical Trade Exhibition in Dongying, Shandong province, China May 30, 2018. REUTERS/Chen Aizhu
DUBAI, Jan 20 (Reuters) - Petrochemicals giant Saudi Basic Industries Corp's (SABIC) (2010.SE) joint venture project with ExxonMobil (XOM.N) in the U.S. Gulf Coast, which involves an ethylene production unit, has begun commercial operations, it said on Thursday.
The company announced plans on Sept. 19 to establish an ethylene production unit with annual capacity of about 1.8 million tonnes, SABIC said in a bourse statement.
The unit will feed two polyethylene production units, the company said without disclosing financial details.
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