Texas Chemicals Plant One Step Closer with Tax Breaks

SUGAR LAND--January 9, 2018--Researched by Industrial Info Resources (Sugar Land, Texas)--A joint venture chemicals plant of Exxon Mobil Corporation (NYSE:XOM) (ExxonMobil) (Irving, Texas) and Saudi Basic Industries Corporation (SABIC) (Riyadh, Saudi Arabia) in Texas may be a step closer to becoming reality with more than $530 million in tax breaks from the local school district. Construction on the $10 billion petrochemical complex near Portland, Texas, located north of Corpus Christi, is proposed to start later this year, taking about three years to complete.

Within this article: Details of the Portland petrochemicals project and other ExxonMobil projects