LyondellBasell has announced it will move forward with its $2.4 billion plant near the Houston Shop Channel.
The Houston petrochemical company has said the project will become the largest factory of its kind in the world, creating 2,500 construction jobs and 160 permanent positions at the plant.
Bob Harvey, president and CEO of the Greater Houston Partnership, comments: "Houston's position as a global hub of petrochemical manufacturing, leveraging Houston's strategic access to the Americas and top markets around the world."
Recently, The American Chemistry Council, estimated the Texas Gulf Coast now accounts for about $70 billion of the $185 billion in petrochemical plants completed since 2010 or planned through 2023.
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