CP Chem study to develop ethane cracker on US Gulf Coast

Tim Taylor, COO, Chevron Phillips Chemical.

THE WOODLANDS, US: Chevron Phillips Chemical Company LP (Chevron Phillips Chemical) said that it is advancing a feasibility study to construct a world-scale ethane cracker and ethylene derivatives at one of its existing facilities in the U.S. Gulf Coast region. The new facility would utilize the advantaged feed sources expected from development of shale gas reserves.

“We are finalizing our evaluation of potential sites and advancing discussions with EPC contractors. Our company is already a leading light cracker operator in the US Gulf Coast region and an established supplier of olefins, polyolefins and alpha olefins globally. Our technology portfolio, organizational capability, integration with our parent companies and petrochemical infrastructure make us uniquely suited to execute this potential investment,” said Tim Taylor, COO, Chevron Phillips Chemical.

“The project will help us meet growing customer demand and we intend to expedite our development decisions to capitalize on the advantaged feedstock position that shale gas resources could bring to the chemical industry in the US,” added Taylor. The feasibility study is expected to be completed by the end of 2011.

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