SABIC, ExxonMobil Joint Venture in US Preparing for Initial Startup

SABIC, ExxonMobil Joint Venture in US Preparing for Initial Startup
The logo of Exxon Mobil Corporation is shown on a monitor above the floor of the New York Stock Exchange in New York on Dec. 30, 2015. Lucas Jackson/Reuters
Reuters
Updated:

Saudi Basic Industries, the world’s fourth-biggest petrochemicals firm, said on Sunday its joint venture project with ExxonMobil in the U.S. Gulf Coast has started commissioning activities and preparing for an initial startup.

The project includes the establishment of an ethylene production unit with annual capacity of about 1.8 million tonnes, which will feed two polyethylene units and a monoethylene glycol unit, it said in a statement.