Motiva Enterprises [MOTIV.UL] completed the purchase of a Flint Hills Resources chemical plant next to its Port Arthur, Texas, refinery by the end of October 2021.
With the addition of the chemical plant, which has an ethane cracker but lacks units to process ethylene coming from the cracker, Motiva plans to accelerate construction of a polyethylene unit to process the ethylene, the sources said.
Motiva Enterprises had a Texas Air Permit approved that indicates they are moving forward with the Port Arthur Ethane Cracker.
Texas Air Permit August 2021
A final investment decision on the polyethylene and aromatics units as well as the ethane cracker had been expected between late this year and spring 2020.
Motiva, a subsidiary of Saudi Aramco, IPO-ARMO.SE, has not disclosed what it is paying Flint Hills, a subsidiary of privately-held Koch Industries [KCHINR.UL]
The two companies announced the sale on Aug. 19.