Chevron Phillips breaks ground on PE resin plants

By Frank Esposito
Senior Staff Reporter

Published: June 18, 2014 2:50 pm ET
Updated: June 18, 2014 2:54 pm ET

Image By: Chevron Phillips Chemical Co. LP Chevron Phillips Chemical Co. LP will bring 3.3 billions pounds of additional annual polyethylene production on line when it completes construction of its new plants in Old Ocean, Texas.

Related to this story

Topics Materials, Materials Suppliers
Companies & Associations Chevron Phillips Chemical Co. LP

Chevron Phillips Chemical Co. LP has broken ground for two new polyethylene units in Old Ocean, Texas, that will have combined annual production capacities of more than 2 billion pounds.

The firm — based in The Woodlands, Texas — broke ground at a June 17 ceremony that was attended by company officials, as well as representatives from the nearby cities of Sweeny and West Columbia, Brazoria County and the state of Texas.

With the ground breaking, Chevron Phillips “maintains its first-mover position within the petrochemicals industry to engineer and build world-scale ethylene and derivatives facilities in the U.S., based on the successful development of shale resources,” company officials said in a news release.

President and CEO Peter Cella added that, with the construction of what he called “this mega-project,” Chevron Phillips “will be in a position to better serve the growing needs of our customers around the globe.”

Both the two new PE units and a 3.3-billion-pound-per-year capacity ethylene cracker at the site are scheduled to be operational in 2017. The company said the project will create 400 full-time jobs and 10,000 temporary construction jobs. It also will call for the installation of 45 miles of new railroad track.

PE made at the Old Ocean site is expected to be used in flexible packaging, plastic pipe, merchandise bags and similar applications. PE makers including ExxonMobil Chemical Co., Dow Chemical Co. and Formosa Plastics Corp. USA also are adding capacity because of newfound supplies of natural gas feedstock throughout North America.

These and other projects are expected to increase the region’s total annual PE production capacity by at least 25 percent by 2020, according to industry estimates.


Comments

Chevron Phillips breaks ground on PE resin plants

By Frank Esposito
Senior Staff Reporter

Published: June 18, 2014 2:50 pm ET
Updated: June 18, 2014 2:54 pm ET

Post Your Comments


Back to story


More stories

Image

Huntsman closing four pigment plants

March 5, 2015 3:36 pm ET

Huntsman Corp. is closing four plants — three in the U.S. and one in Germany — that make pigments for plastics and other markets.    More

Image

Bayer to stop MDI production in Brazil

March 4, 2015 9:21 am ET

Bayer AG's Bayer MaterialScience plans to stop production of MDI polyurethane at its plant near Rio de Janeiro in July, removing 55 metric tons per...    More

Image

Best Places To Work: No. 6, Colors For Plastics

March 4, 2015 12:35 pm ET

Colors For Plastics, which now employs 115 people, started with one man who handled everything.    More

Image

Ineos to combine ABS unit with Styrolution in Americas

March 4, 2015 10:03 am ET

Global materials firm Ineos Group will combine its ABS resin business with its Styrolution unit in the Americas.    More

Image

Obituary: Guido Ghisolfi, PET company executive

March 4, 2015 9:47 am ET

Guido Ghisolfi — a top executive with global PET resin leader Mossi & Ghisolfi Group — has died from an apparent suicide.    More

Market Reports

Flexible Packaging Trends in North America

North America represents about 30 percent of the global consumption of flexible packaging. Annual growth in this region is forecast at 4 percent during the next 5 years.

For more insight on growth opportunities, drivers of growth and the outlook for 2015, download this report.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 billion plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Upcoming Plastics News Events

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events