Covid-19 and its impact on oil prices and demand have seen oil projects around the world delayed or cancelled. But not ExxonMobil and Sabic’s 1.8mn t/y ‘Gulf Coast Growth Ventures’ 50:50 JV ethane cracker on Corpus Christi bay in Texas.
Exxon senior vice-president Jack Williams told the company’s Q3 earnings call on 30 October that the partners are “taking advantage of the more favorable cost environment to progress the Corpus Christi chemical project and deliver it ahead of schedule and under budget.” “The Corpus cracker will be coming online at the end of 2021,” he adds. The plan had been 2022 (MEES, 14 June 2019). (CONTINUED - 390 WORDS)