SUGAR LAND--June 1, 2019--Researched by Industrial Info Resources (Sugar Land, Texas)--The announcement by Exxon Mobil Corporation (ExxonMobil) (NYSE:XOM) (Irving, Texas) and Saudi Basic Industries Corporation (SABIC) (Riyadh, Saudi Arabia) on Thursday that construction will proceed on a big petrochemical facility near Corpus Christi, Texas, portends the beginning of big things this year for the U.S. Chemical Processing Industry. In Texas and Louisiana, Industrial Info is tracking more than $24 billion worth of planned chemical project construction starts in second-half 2019.

Within this article: Details of the ExxonMobil-SABIC joint venture project in Portland, Texas.