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Saudis’ Motiva Eyes Revival of Multibillion-Dollar Plastics Plan

  • Work halted after refiner bought nearby chemical plant in 2019
  • Oil majors’ chemical profits jump as plastics demand surges
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Motiva Enterprises LLC is eying the revival of a multibillion-dollar expansion project at its Texas Gulf Coast refinery in 2023 that would produce petrochemicals used to make everything from plastic water bottles to grocery bags.

Engineering and excavation work had already been done before the project was halted nearly two years ago. Now, Saudi Aramco’s U.S. refining arm is considering reactivating the expansion, minus an ethane cracker, which it no longer needs, according to people familiar with the plans, who asked not to be identified because the information isn’t public.