Gulf Coast Global Ventures JV expects to break ground during third quarter. Exxon Mobil Corp. and Saudi Basic Industries Corp. (SABIC) will proceed with construction of a 1.8-million-metric-ton ethane steam cracker complex near Corpus Christi, Texas, that will create more than 6,600 jobs, ExxonMobil reported Thursday. “Building the world’s largest steam cracker, with state-of-the-art technology, on the doorstep of rapidly growing Permian production gives this project significant scale and feedstock advantages,” ExxonMobil Chairman and CEO Darren W. Woods said in a written statement emailed to Rigzone. “It is one of several key projects that provide the foundation for significantly increasing the company’s earnings potential.” The project won necessary permits Wednesday from the Texas Commission on Environmental Quality. ExxonMobil and SABIC’s Gulf Coast Growth Ventures (GCGV) joint venture will build the ethane cracker in San Patricio County north of Corpus Christi. According to the GCGV website , the ethane cracker […]