Port Corpus Christi approves lease for ExxonMobil and SABIC ethane steam cracker

The Port of Corpus Christi Commission voted unanimously to approve a lease agreement with Gulf Coast Growth Ventures (GCGV) Asset Holding LLC, for a 13-acre multipurpose cargo dock and a 35-acre marine terminal facility at the Port of Corpus Christi.

GCGV, an ExxonMobil-SABIC joint venture, plans to construct and operate an ethane steam cracker for production of ethylene and derivative units for production of polyethylene, and monoethylene glycol (MEG). The project will use ethane gas from major production areas in the U.S. and export the polyethelene and MEG to markets worldwide. The project is estimated to create over 600 high paying jobs in the U.S. and improve the US trade balance. The project will be constructed on GCGV property near Gregory in San Patricio County, Texas.

The GCGV project will use a modularisation approach to construct the plant. Modules will be constructed off-site and delivered to a yet to be constructed multi-purpose cargo dock on the La Quinta Ship Channel. From there, the large components will be transported to the project site along heavy haul roads, bridges, and drainage features constructed by GCGV. Once the GCGV plant is operational, estimated in 2022, liquid products will be transported via pipeline to storage tanks at the marine terminal, and ultimately exported to overseas markets.

Port Corpus Christi Executive Director, John LaRue said: “Port Corpus Christi continues to seek industry partners that are committed to sustainable growth, and building the future of our community. Gulf Cost Growth Ventures epitomizes these qualities.  We are looking forward to growing a long standing relationship with mutual benefits for the future of our region.”

For more information visit www.portcorpuschristi.com

18th Dec 2017