Chevron Phillips Chemical Company approves US Gulf Coast (USGC) Petrochemicals Project

Chevron Phillips gets board approval for US Gulf Coast petrochemicals project

5:24 AM, 4th October 2013
Chevron Phillips Chemical Company Business News

THE WOODLANDS, US: Chevron Phillips Chemical Company LP has received board approval to execute the US Gulf Coast (USGC) Petrochemicals Project first announced in March 2011. Additionally, the company awarded an engineering, procurement and construction (EPC) contract to a joint venture between JGC Inc and Fluor Enterprises Inc to execute the 1.5 million metric tonne per year ethane cracker portion of the project.

The company has also awarded an EPC contract to Gulf Coast Partners, a partnership between Technip US Inc and Zachry Industrial Inc to execute the two new polyethylene facilities, each with an annual capacity of 500,000 metric tonne.

The state-of-the-art, world-scale polyethylene units will be capable of producing a wide variety of high and linear low density polyethylene products including bimodal and metallocene-based polyethylene polymers. These facilities will incorporate Chevron Phillips Chemical’s leading edge metallocene technology and proprietary Advanced Dual Loop bimodal technology.

In addition to the bimodal and linear low density products, the flexibility of these units will allow for growth of current blow molding, injection molding and film grades offered by Chevron Phillips Chemical. The ethane cracker will be built at Chevron Phillips Chemical’s Cedar Bayou plant in Baytown, Texas, and two polyethylene units will be built at a site in Old Ocean, Texas, near Chevron Phillips Chemical’s Sweeny plant. The USGC Petrochemicals Project is expected to commence construction in early 2014 and create approximately 400 long-term direct jobs and 10,000 engineering and construction jobs.

“We remain in the first mover position as we take another critical step in executing a project that will benefit our customers, suppliers, local communities and existing and future employees. We are able to realize this important milestone thanks to continued strong growth in demand for our products, shale resource development in the United States, and the tremendous support of our owners,” said Pete Cella, President and Chief Executive Officer, Chevron Phillips Chemical.

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