Chevron Phillips to build polyethylene facilities in Texas
Chevron Phillips Chemical will build two new polyethylene facilities at its plant in Old Ocean, Texas, US, as part of the company's US Gulf Coast (USGC) Petrochemicals project.
Peter Celia, Chevron Phillips Chemical president and chief executive officer, said the polyethylene facilities offer an opportunity to company employees, the surrounding Brazos County community and businesses which would service the new facilities.
"We continue to believe that synergy with our existing Gulf Coast operations, proximity to feedstock supply and application of proprietary technologies uniquely positions our company to capitalise on the opportunity that development of abundant shale resources affords the United States, and in particular the Gulf Coast region," Celia said.
Under a signed front-end engineering and design (FEED) agreement, Jacobs Engineering Group will design the polyethylene facilities.
The new facilities will utilise the company's proprietary Loop Slurry technology and each will produce 500,000mtpa of polyethylene.
As part of a plan announced in March 2011, Chevron Phillips will also build an ethane cracker and ethylene derivatives facilities in the USGC region.
Headquartered in the US, Chevron Phillips produces ethylene, propylene, polyethylene, polypropylene, K-Resin SBC, Dayton polypropylene sulfide, alpha-olefin, polycrystalline, aromatic compounds and specialty chemicals.