Trial operation of GCGV petrochemical complex

Recently, Exxon Mobil announced that the company and Saudi Basic Industries Corporation (SABIC) invested a multi-billion dollar joint venture project Gulf Coast Growth Corporation (GCGV) petrochemical complex is about to be completed, and has already commissioned its largest in late September. Cracking project, that is, a cracking unit with a production capacity of 1.8 million tons/year. The cracking unit will provide raw materials for the joint venture's MEG unit and two polyethylene (PE) units. These downstream devices were completed in July. Full production and commercial operations are expected to take place later in the fourth quarter, ahead of the previous plan.

The two partners stated that GCGV is about 25% lower than the average cost of similar projects on the U.S. Gulf Coast. Exxon Mobil is the operator of the project, and each partner is responsible for marketing its share of output. The two polyethylene plants use ExxonMobil technology, one is C6 hexenyl polyethylene and the other is C4 butenyl polyethylene, with a total production capacity of 1.3 million tons per year. The 1.1 million tons/year MEG plant uses Shell Omega process technology.