CHEVRON PHILLIPS
Next major project with Qatar Petroleum on US Gulf Coast / Ethane cracker and HDPE
The chief executives of Chevron Phillips Chemical (CPChem, The Woodlands, Texas / USA; www.cpchem.com) and Qatar Petroleum (QP, Doha / Qatar; www.qp.com.qa) have met again not long after announcing a joint polyolefin complex in Qatar in late June – see Plasteurope.com of 27.06.2019. Saad Sherida Al-Kaabi, Qatar’s energy minister and QP president and CEO, travelled to the Washington, D.C. for the meeting. At the White House, he signed an agreement with CPChem president and CEO Mark Lashier for another joint petrochemical project, this time located on the US Gulf Coast. There was political support from the highest levels – the Qatari and US heads of state attended the ceremony.

The “US Gulf Coast II” (USGC II) project includes an ethane cracker with a capacity for 2m t/y of ethylene, which is expected to be slightly larger than the one planned in Qatar at Ras Laffan. Downstream, there will be two lines installed for HDPE, each having a 1m t/y capacity. The US company will hold 51% of the joint venture and the Qatari company the remaining 49%. The final kick-off for CPChem’s projected USD 8 bn project is expected in 2021. The facilities would then start operations in 2024.

An exact location has not been disclosed. According to Plasteurope.com’s Polyglobe database (www.polyglobe.net), CPChem currently operates crackers on the US Gulf Coast in Texas at Cedar Bayou near Houston (over 2.3m t/y), Sweeny/Old Ocean (just under 2m t/y) and Port Arthur (800,000 t/y).

12.07.2019 Plasteurope.com [242932-0]
Published on 12.07.2019
Chevron Phillips: Weiteres PE-Großprojekt mit Qatar PetroleumGerman version of this article...

© 2001-2019 Plasteurope.com  |  Imprint  |  Privacy

Plasteurope.com is a business information platform for the European plastics industry. It is part of KI Kunststoff Information and PIE Plastics Information Europe, one of the leading content providers for the European plastics industry. We offer daily updated business news and reports, in-depth market analysis, polymer prices and other services for the international plastics industry, including a suppliers guide, career opportunities, a trade name directory and videos.

News | Polymer Prices | Material Databases | Plastics Exchange | Suppliers Guide | Jobs | Trade Names | Videos | Associations & Institutions | Register | Advertising

PIE – Plastics Information Europe | KI – Kunststoff Information | KunststoffWeb | Plastics Material Exchange | Polyglobe | K-Profi
© 2001-2019 by Plasteurope.com, Bad Homburg
Date of print: 16.07.2019 02:04:55   (Ref: 584876875)
Text and images are subject to copyright and other laws for protection of intellectual property.
Any duplication or distribution in any media as a whole or in parts requires prior written approval by Plasteurope. URL: http://www.plasteurope.com/news/detail.asp