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T︀h︀a︀t︀'︀s ︀h︀e︀r︀? ＷＷＷ.ＦＡＮＴＡＺＭ.ＯＮＬＩＮＥ?_ebook-n-s-bad

Speak for yourself, Karen.

In 1976 the Saudi Royal Family founded SABIC, Saudi Arabia Basic Industries
Corporation. SABIC manufactures chemicals and intermediates, industrial
polymers, fertilizers, and metals. SABIC was the world's 4th largest chemical
producer in 2013

Americans will be thrilled to hear that SABIC is partnering with Exxon to
build the largest ethane cracking plant in the world, in a residential suburb
of Corpus Christi. SABIC and Exxon will spend approximately $9.8 Billion in
that endeavor which they call Gulf Coast Growth Ventures

SABIC is the largest public company in Saudi Arabia, but the Saudi
""government"" still owns 70% of its shares. In Saudi Arabia the government
and the King-then-in-office are legally the same. Private shareholders in
SABIC are from Saudi Arabia and other countries of the six-nation Gulf
Cooperation Council

The site of the new plant is in San Patricio County territory. In Texas no
local government agency may impose ordinances or regulations affecting or
limiting what can be built or what businesses can do in county territory. The
Texas Dept of Environmental Quality will be the sole Texas agency with control
over the new cracking plant

Ethane is a component of natural gas, abundant in Texas Eagle Ford shale. A
cracking plant processes ethane—or ‘cracks’ it—into ethylene by heating the
ethane so hot that it breaks apart the molecular bonds. Cracking plants
usually feed nearby plants that create more refined petroleum based products,
like plastic pellets

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Nadine
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