As members of a cross-office, cross-practice team, Jeff Whittle, Taylor Evans and Polly Sims advised global diversified chemicals manufacturer SABIC on the IP aspects of its recently announced joint venture with ExxonMobil to advance development of the Gulf Coast Growth Ventures project, an ethane cracker – the largest of its type – currently planned for construction in San Patricio County, Texas.
The project will also include a monoethylene glycol unit and two polyethylene units. Construction is expected to begin following competition of the environmental permitting process and be completed in the 2021-2022 timeframe. Jeff commented:
“The transaction had significant intellectual property and technology licensing issues, and we worked closely with the high-caliber intellectual property team from SABIC in drafting and negotiating these agreements… to infuse the new joint venture with the technology rights to help bring the ultimate polyethylene end products to the marketplace. Polly Sims, from our Houston Office, in particular did an outstanding job in drafting and leading negotiations on many key technology-based agreements. She was a consummate professional and quickly earned respect and admiration from all parties.”
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