Motiva suspends major construction of petrochemical facilities at Texas-based refining operation
Motiva Enterprises LLC (Motiva) suspended its $6.6 billion plan to add petrochemical facilities to its Texas-based refining operations in July 2021. The previous plans for the project would have created the largest refining and petrochemical operation in the United States. Motiva’s suspension of the facility follows the decision of its parent company, Saudi Aramco, to reverse its initial plans to diversify, instead opting to focus on core business of pumping natural gas and oil.
New ActivityIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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