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Trial operation of GCGV petrochemical complex

 Last Update: 2021-10-20
 Source: Internet
 Author: User

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Recently, Exxon Mobil announced that the company and Saudi Basic Industries Corporation (SABIC) invested a billion-dollar joint venture project Gulf Coast Growth Corporation (GCGV) petrochemical complex is about to be completed in September.
In the latter part of the trial run its largest cracking project, which is a cracking unit with a production capacity of 1.
8 million tons per year
.
The cracking unit will provide raw materials for the joint venture's MEG unit and two polyethylene (PE) units

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

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