The project, a partnership between ExxonMobil and Qatar Petroleum, will take about five years and more than 9,000 workers to build. According to reports, the new facility will have a capacity of 16 million tons per year. The facility is expected to begin operating some time in 2024.
The new facility is part of a larger initiative by ExxonMobil to drive energy related activity in the Gulf Coast. Other projects include new chemical, refining, lubricant and liquified natural gas facilities.