Exxon Mobil to Build Multi-Billion Dollar Plant Near Texas Coast

Texas Governor Greg Abbott said today that Exxon Mobil (XOM) and  Saudi Arabia Basic Industries, a Saudi diversified manufacturing firm, have agreed to build a multi-billion-dollar petrochemical plant in in Corpus Christi, the AP reports. 

Exxon officials said it will be among the largest ethane steam cracker plants in the world.

The plant is set to open in 2014 and will produce components used to make plastic bottles and other items.

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