Saudis See Chemical, Oil-Refining Bonanza Along U.S. Gulf Coast

URLhttps://www.bloomberg.com/news/articles/2018-04-08
SourceBloomberg
Date Published04/07/2018
Author NameLucia Kassai
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Motiva Enterprises LLC
Parent companyMotiva Enterprises LLC
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Year reshoring implemented or to be implemented:2019
Capital investment ($):8000
Country(ies) from which reshored:Saudi Arabia
City reshored to:Port Arthur
State(s) reshored to:TX
If relevant, work nearshored to:-
Industry(ies):Chemicals
Product(s) reshoredpetrochemicals
What domestic positive factors made reshoring more attractive?Eco-system synergies, U.S. price of natural gas/chemicals/electricity
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