July 18, 2019
Matagorda County along the Texas coast is known for the South Texas Project, a legendary nuclear energy plant, but the county’s largest city is getting a new injection of power and money.
Air Liquide has agreed to invest a total of nearly $140 million in its Bay City facility — $107 million going as a direct investment in Matagorda County — to build a new world-scale air separations unit as part of a long-term agreement with Gulf Coast Growth Ventures (GCGV), an equal partnership between ExxonMobil and SABIC.
The agreement is to supply oxygen and nitrogen from its industrial gas pipeline network to GCGV’s planned ethane cracker facility located near Corpus Christi….