HomeNewsExxonMobil Plans to Complete its Gulf Coast Growth Ventures Project by Year’s End

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ExxonMobil Plans to Complete its Gulf Coast Growth Ventures Project by Year’s End

2/10/2021

ExxonMobil recently reduced its capex figures for this year, but despite an expected reduction down to $16 billion to $19 billion it is pushing some projects forward.  The company’s venture with SABIC for a large ethane cracker and its derivate units are now anticipated for a 2021 startup, rather than the previous expectations for 2022. The Gulf Coast Growth Ventures (GCGV) project includes a 1.8 MMtpy ethane cracker, two polyethylene units with a combined capacity for 1.3 MMtpy, and a 1.1 MMtpy monoethylene glycol (MEG) unit, all located in San Patricio County of Corpus Christi, Texas.  The increased pace for these projects is due to specifically favorable circumstances. ExxonMobil Senior

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