{"id":1,"date":"2016-09-20T15:42:55","date_gmt":"2016-09-20T15:42:55","guid":{"rendered":"http:\/\/coastalbendfuture.com\/\/?p=1"},"modified":"2017-02-22T18:49:16","modified_gmt":"2017-02-22T18:49:16","slug":"hello-world","status":"publish","type":"post","link":"https:\/\/coastalbendfuture.com\/index.php\/2016\/09\/20\/hello-world\/","title":{"rendered":"Updates"},"content":{"rendered":"<p>In Current development planning Portland, Texas is under serious consideration as the site for a new petrochemical plant.<\/p>\n<header class=\"header-editorial\">\n<a class=\"mwm-aal-item\" name=\"sabic-and-exxonmobil-evaluating-petrochemical-joint-venture-on-us-gulf-coast\"><\/a><h1 class=\"title\">SABIC and ExxonMobil Evaluating Petrochemical Joint Venture on U.S. Gulf Coast<\/h1>\n<\/header>\n<div id=\"\" class=\"bw-panel-layout copy\">\n<div class=\"bw-main-content\">\n<div class=\"bw-inner\">\n<div class=\"panel-pane pane-content-field pane-field-press-release-subheadline\">\n<div class=\"pane-content\">\n<div class=\"field field-type-text field-field-press-release-subheadline field-fieldpressreleasesubheadline\">\n<div class=\"field-items\">\n<div class=\"field-item odd\">\n<ul>\n<li class=\"bwlistitemmargb\">Potential new complex would be located in Texas or Louisiana near natural gas feedstock<\/li>\n<li class=\"bwlistitemmargb\">Project would include a steam cracker and derivative units<\/li>\n<li class=\"bwlistitemmargb\">Plans in early stages, final investment decision to follow study completion<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"panel-region-separator\"><\/div>\n<div class=\"panel-region-separator\"><\/div>\n<div class=\"panel-pane pane-content-field pane-field-press-release-city\">\n<a class=\"mwm-aal-item\" name=\"dateline\"><\/a><h2 class=\"pane-title\">Dateline:<\/h2>\n<div class=\"pane-content\">\n<div class=\"field field-type-text field-field-press-release-city field-fieldpressreleasecity\">\n<div class=\"field-items\">\n<div class=\"field-item odd\">HOUSTON<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"panel-region-separator\"><\/div>\n<div class=\"panel-pane pane-tool-bar\"><\/div>\n<div class=\"panel-region-separator\"><\/div>\n<div class=\"panel-pane pane-content-field pane-field-press-release-ticker-slug\">\n<a class=\"mwm-aal-item\" name=\"public-company-information\"><\/a><h2 class=\"pane-title\">Public Company Information:<\/h2>\n<div class=\"pane-content\">\n<div class=\"field field-type-newsml-stock field-field-press-release-ticker-slug field-fieldpressreleasetickerslug\">\n<div class=\"field-items\">\n<div class=\"field-item odd\">\n<div class=\"newsml-stock-field clear-block\">\n<div class=\"newsml-stock-market newsml-stock-field-value\">NYSE:<\/div>\n<div class=\"newsml-stock-symbol newsml-stock-field-value\">XOM<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"panel-region-separator\"><\/div>\n<div class=\"panel-pane pane-pr-body\">\n<div class=\"pane-content\">\n<p>HOUSTON&#8211;(<a href=\"http:\/\/www.businesswire.com\/\" target=\"_blank\">BUSINESS WIRE<\/a>)&#8211;SABIC and an affiliate of <a href=\"http:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.exxonmobil.com%2FCorporate%2Fdefault.aspx&amp;esheet=51387081&amp;newsitemid=20160725005667&amp;lan=en-US&amp;anchor=Exxon+Mobil+Corporation&amp;index=1&amp;md5=a57289589a95166fa39c7851cc1b1838\" rel=\"nofollow\">Exxon Mobil Corporation<\/a> (ExxonMobil) (NYSE:XOM) are considering the potential development of a jointly owned petrochemical complex on the U.S. Gulf Coast.<\/p>\n<p>If developed, the project would be located in Texas or Louisiana near natural gas feedstock and include a world-scale steam cracker and derivative units.<\/p>\n<p>Before making final investment decisions, the companies will conduct necessary studies and work with state and local officials to help identify a potential site with adequate infrastructure access.<\/p>\n<p>\u201cWe are focused on geographic diversification to supply new markets,\u201d said Yousef Abdullah Al-Benyan, SABIC vice chairman and chief executive officer. \u201cThe proposed venture would capture competitive feedstock and reinforce SABIC\u2019s strong position in the value chain.\u201d<\/p>\n<p>Neil Chapman, president of ExxonMobil Chemical Company, said: \u201cWe have the capability to design a project with a unique set of attributes that would make it competitive globally. That is vitally important as most of the chemical demand growth in the next several decades is anticipated to come from developing economies.\u201d<\/p>\n<p>ExxonMobil and SABIC have worked together for 35 years in major chemical joint ventures in Saudi Arabia.<\/p>\n<p><span class=\"bwuline\"><b>About SABIC<\/b><\/span><\/p>\n<p>SABIC ranks among the world\u2019s top petrochemical companies, and is among the world\u2019s market leaders in the production of polyethylene, polypropylene, advanced thermoplastics, glycols, methanol and fertilizers. SABIC manufactures on a global scale in Saudi Arabia, the Americas, Europe and Asia Pacific. The company operates in more than 50 countries across the world with 40,000 employees worldwide. To learn more, visit <a href=\"http:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.sabic.com&amp;esheet=51387081&amp;newsitemid=20160725005667&amp;lan=en-US&amp;anchor=www.sabic.com&amp;index=2&amp;md5=935ffaef9b83c462f3d8d31acb7e33f0\" rel=\"nofollow\">www.sabic.com<\/a><\/p>\n<p><span class=\"bwuline\"><b>About ExxonMobil Chemical Company<\/b><\/span><\/p>\n<p>ExxonMobil Chemical Company is one of the largest petrochemical companies worldwide. The company holds leadership positions in some of the largest-volume and highest-growth commodity petrochemical products in the world. ExxonMobil Chemical Company has manufacturing capacity in every major region of the world, serving large and growing markets. More than 90 percent of the Company\u2019s chemical capacity is integrated with large refineries or natural gas processing plants. To learn more, visit <a href=\"http:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.exxonmobilchemical.com&amp;esheet=51387081&amp;newsitemid=20160725005667&amp;lan=en-US&amp;anchor=www.exxonmobilchemical.com&amp;index=3&amp;md5=da4fc3a9441a7d52f7fe95ff56278472\" rel=\"nofollow\">www.exxonmobilchemical.com<\/a>.<\/p>\n<p>CAUTIONARY STATEMENT:\u00a0Statements of future events or conditions in this release are forward-looking statements.\u00a0Actual future results, including project plans, schedules, and outcomes and future market positioning could differ materially due to changes in market conditions affecting the oil, gas and petrochemical industries or long-term price levels for oil, gas, refined products and petrochemicals; political or regulatory developments, including the granting of required permits and any changes in environmental laws; the occurrence and duration of economic recessions; the actions of competitors; technical or operating factors; the outcome of commercial negotiations; and other factors discussed under the heading &#8220;Factors Affecting Future Results&#8221; in the Investors section of our website (<a href=\"http:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.exxonmobil.com&amp;esheet=51387081&amp;newsitemid=20160725005667&amp;lan=en-US&amp;anchor=www.exxonmobil.com&amp;index=4&amp;md5=8325c8e141b70d3289c3a8296fe38009\" rel=\"nofollow\">www.exxonmobil.com<\/a>) and in Item 1A of our most recent Form 10-K.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>In Current development planning Portland, Texas is under serious consideration as the site for a new petrochemical plant. SABIC and ExxonMobil Evaluating Petrochemical Joint Venture on U.S. Gulf Coast Potential new complex would be located in Texas or Louisiana near natural gas feedstock Project would include a steam cracker and derivative units Plans in early [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1","post","type-post","status-publish","format-standard","category-uncategorized","entry"],"acf":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/coastalbendfuture.com\/index.php\/wp-json\/wp\/v2\/posts\/1","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coastalbendfuture.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coastalbendfuture.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coastalbendfuture.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coastalbendfuture.com\/index.php\/wp-json\/wp\/v2\/comments?post=1"}],"version-history":[{"count":5,"href":"https:\/\/coastalbendfuture.com\/index.php\/wp-json\/wp\/v2\/posts\/1\/revisions"}],"predecessor-version":[{"id":88,"href":"https:\/\/coastalbendfuture.com\/index.php\/wp-json\/wp\/v2\/posts\/1\/revisions\/88"}],"wp:attachment":[{"href":"https:\/\/coastalbendfuture.com\/index.php\/wp-json\/wp\/v2\/media?parent=1"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coastalbendfuture.com\/index.php\/wp-json\/wp\/v2\/categories?post=1"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coastalbendfuture.com\/index.php\/wp-json\/wp\/v2\/tags?post=1"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}