Citing difficult market conditions, ExxonMobil is delaying the development of a facility that would convert a component of natural gas into chemicals used to make plastics.

Exxon had originally planned to begin construction next year on its $10 billion Coastal Plain project slated for Calhoun County, already home to a similar plant, Formosa Point Comfort.

However, in a statement issued this week, the company said it would “slow the place” of the project’s development, citing “current market conditions,” according to Inside Climate News.

The company’s plans were first revealed in an application for tax breaks from the local school board. A county district court judge had ruled several weeks before Exxon’s announcement of a delay that the district’s decision to negotiate a tax break with Exxon was invalid and that the school board would have a redo a key public hearing.

The ruling came in response to a lawsuit by local former shrimper and activist Diane Wilson and her group, San Antonio Bay Estuarine Waterkeeper.