Chevron Phillips build new ethylene unit in Texas

Chevron Phillips to build new ethylene unit in Texas

10:10 PM, 15th December 2011
Chevron Phillips to build new ethylene unit in Texas

 

TEXAS, US: Chevron Phillips Chemicals announced that it has completed several key elements of the feasibility study announced earlier this year and plans to pursue a project to construct a world-scale ethane cracker and ethylene derivatives facilities in the U.S. Gulf Coast (USGC) region.

Chevron Phillips Chemical’s existing Cedar Bayou facility in Baytown, Texas, would be the location of the new ethylene unit. The company has executed agreements with Shaw Energy and Chemicals to design a 1.5 million metric tons/year (3.3 billion pounds/year) ethane cracker utilizing proprietary Shaw technology. The estimated completion date for the USGC Petrochemicals Project is 2017.

Peter L. Cella, president and chief executive officer, Chevron Phillips discussed the study’s findings during a presentation at the Gulf Petrochemicals and Chemicals Association (GPCA) conference in Dubai, United Arab Emirates.

“The owners and management of Chevron Phillips Chemical are pleased to have taken these critical steps, and believe that executing this project will benefit our customers, suppliers, local communities and existing and future employees,” said Cella. “It is our opinion that this project offers unique advantages, including co-location of the cracker with our Cedar Bayou facility and other ancillary assets such as our broad feedstock and ethylene pipeline and storage cavern networks, proximity to the expanding natural gas liquids hub in Mont Belvieu and utilization of proprietary technology to meet the growing demand of our customers.”

If approved, the USGC Petrochemicals Project is expected to create approximately 400 long-term direct jobs and 10,000 engineering and construction jobs. “We are pleased that the development of shale gas resources in the United States has set the stage for major petrochemical investment and job creation in our own backyard,” said Cella.

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