ANNOUNCED AS TEMPORARYNo
Tax or social insurance relief
On March 21, 2017 the Gregory-Portland School Board in the state of Texas approved tax abatements for more than 15 years, part of $460 million package of tax breaks sought from local governing bodies by Exxon Mobil and Saudi Basic Industries Corporation (SABIC) for a $10 billion petrochemical complex for the production of ethylene. One day earlier, San Patricio County Commissioners gave their approval for tax breaks. The project could be completed as soon as 2021 and is designed to refine Texas shale natural gas into chemicals and plastics for emerging markets such as China and India.
⚑ Please report this page in case you detect an inaccuracy in its content.