Port leases dock, terminal for Exxon-SABIC project

​CORPUS CHRISTI – The Port of Corpus Christi is leasing a 13-acre cargo dock and 35-acre marine terminal facility to Gulf Coast Growth Ventures.

Port commissioners unanimously approved the deal last week. The tenant is a joint venture of ExxonMobil and Saudi Arabia Basic Industries Corp.

The developers selected a 1,300-acre parcel near Gregory for the ethane steam cracker plant earlier this year. The facility will use ethane gas supplied in the United States to produce polyethylene and monoethylene glycol for export around the globe. 

The plant is tentatively scheduled to open in 2022. Its development will generate about 6,000 construction jobs at its peak. The project will create over 600 permanent jobs with an average annual salary of $90,000.