Exxon-SABIC petrochemical project moving forward with $530M in school district tax breaks

Date Published01/05/2018
Author NameJordan Blum
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Gulf Coast Growth Ventures
Parent companyExxon Mobil and Saudi Basic Industries Corp.(SABIC
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):600
Year reshoring announced:2018
Year reshoring implemented or to be implemented:2021
Capital investment ($):10000
City reshored to:Corpus Christi
State(s) reshored to:TX
If relevant, work nearshored to:-
Product(s) reshoredpetrochemical, ethylene
What domestic positive factors made reshoring more attractive?Eco-system synergies, Government Incentives, Higher productivity, Infrastructure, Image/brand, Impact on domestic economy, Raw Materials Cost, U.S. price of natural gas/chemicals/electricity
Government Incentive dollar amount:731
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