Chevron Phillips Chemical

Emerson Selected to Automate Golden Triangle Polymers Facility

Retrieved on: 
Monday, March 13, 2023

ST. LOUIS, March 13, 2023 /PRNewswire/ -- Global technology and software leader Emerson (NYSE: EMR) will provide automation technologies, software and analytics from its Plantweb™ digital ecosystem for the Golden Triangle Polymers Project, a world-scale integrated polymers facility on the Texas Gulf Coast. The total installed cost of the project is expected to be $8.5 billion and is a joint venture between Chevron Phillips Chemical Company LP and an indirect subsidiary of QatarEnergy. Operations are expected to begin in 2026.

Key Points: 
  • "With its digital automation technologies, industrial software portfolio, and deep energy experience, we are relying on Emerson to help ensure a project of this magnitude operates safely and reliably, optimizes energy use and mitigates emissions," said David Godard, project director for the Golden Triangle Polymers Project.
  • The Golden Triangle Polymers Project, located in Orange, Texas, includes a 2,080 KTA ethane cracker as well as two 1,000 KTA high-density polyethylene units.
  • "The Golden Triangle Polymers Project and the recently announced Ras Laffan Petrochemical Complex in Qatar are among the world's largest ethane crackers, both leveraging Emerson's digital automation technologies, software and expertise to promote safer, smarter and more sustainable operations," said Ron Martin, Emerson's president, Americas.
  • The Golden Triangle Polymers Project is located about 113 miles east of Houston in the "Golden Triangle" region of Texas that encompasses the city of Orange.

Global Metallocene Linear Low Density Polyethene (mLLDPE) Market Report 2023: Growing Demand for Packaging Materials Bolsters Sector - ResearchAndMarkets.com

Retrieved on: 
Friday, March 3, 2023

Metallocene Linear Low Density Polyethene is produced using metallocene with Ziegler catalyst.

Key Points: 
  • Metallocene Linear Low Density Polyethene is produced using metallocene with Ziegler catalyst.
  • Growing demand for packaging materials is anticipated to be the primary driver for the expansion of the Metallocene Linear Low Density Polyethene (mLLDPE) market.
  • Based on demand by region, Asia Pacific dominates the global Metallocene Linear Low Density Polyethene (mLLDPE) market and consumed approximately 50% of the total production in 2021.
  • In this report, Global Metallocene Linear Low Density Polyethene (mLLDPE) market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Chevron Phillips Chemical and Charter Next Generation to bring circular polyethylene to retail stores

Retrieved on: 
Thursday, February 16, 2023

“Together with CNG, we are transforming waste plastics into useful products and demonstrating real-world, commercial scale applications of circular plastics,” said Jay Bickett, CPChem’s Vice President of Polymers.

Key Points: 
  • “Together with CNG, we are transforming waste plastics into useful products and demonstrating real-world, commercial scale applications of circular plastics,” said Jay Bickett, CPChem’s Vice President of Polymers.
  • This process uses pyrolysis oil, made from difficult-to-recycle waste plastics, as a feedstock to produce a circular polyethylene with characteristics identical to CPChem’s original Marlex® polyethylene.
  • “CNG is excited to bring films using Marlex® Anew™ Circular Polyethylene to consumers,” said Doug Latreille, Chief Commercial Officer at CNG.
  • The Phillips 66 site has also received ISCC PLUS certification, verifying the refinery meets the standards to convert pyrolysis oil into circular feedstocks, which can be used to produce CPChem’s Marlex® Anew™ Circular Polyethylene.

Phillips 66 Achieves ISCC PLUS Certification to Turn Oil from Waste Plastics into Feedstocks at its Sweeny Refinery

Retrieved on: 
Tuesday, January 24, 2023

Phillips 66 (NYSE: PSX) today announced it has received International Sustainability and Carbon Certification (ISCC) PLUS certification for its Sweeny Refinery in Texas to process oil made from waste plastics into feedstocks for new plastics.

Key Points: 
  • Phillips 66 (NYSE: PSX) today announced it has received International Sustainability and Carbon Certification (ISCC) PLUS certification for its Sweeny Refinery in Texas to process oil made from waste plastics into feedstocks for new plastics.
  • The ISCC PLUS certification verifies the refinery meets the standards to process pyrolysis oil made from hard-to-recycle waste plastics into circular ethane, circular propane, circular propylene and other sustainable feedstocks and petrochemical building blocks.
  • Sweeny Refinery, which is located in Old Ocean, Texas, on the Gulf Coast, is the second Phillips 66 refinery to achieve an ISCC PLUS certification and the first for the processing of waste plastic pyrolysis oil into circular feedstocks.
  • Its Humber Refinery in the U.K. is ISCC PLUS certified to process used cooking oil, food waste and other circular feedstocks.

Emerson Selected to Automate Largest Ethane Cracker in Middle East

Retrieved on: 
Tuesday, January 24, 2023

The project is QatarEnergy's largest investment ever in the country’s petrochemical sector.

Key Points: 
  • The project is QatarEnergy's largest investment ever in the country’s petrochemical sector.
  • The complex will include an ethane cracker with a capacity of 2.1 million tonnes of ethylene per year, making it the largest ethane cracker in the Middle East and one of the largest in the world, as well as two high-density polyethylene derivative units with a total capacity of 1.7 million tonnes per year.
  • "We are honored to have been selected as the lead automation contractor for such an important undertaking," said Vidya Ramnath, president of Emerson's Middle East & Africa business.
  • "Emerson has been working with QatarEnergy for several years and we are proud to support the company's long-term vision.

CHEVRON PHILLIPS CHEMICAL DEEPENS COLLABORATION WITH NEXUS CIRCULAR, SECURING CONTRACTED LONG-TERM SUPPLY OF ADVANCED RECYCLED PLASTIC FEEDSTOCKS FROM NEW FACILITY

Retrieved on: 
Tuesday, February 7, 2023

ATLANTA, Feb. 7, 2023 /PRNewswire/ -- Nexus Circular today announced that the company has signed a long-term commercial agreement with Chevron Phillips Chemical (CPChem) for the supply of a significant volume annually of circular liquid feedstocks from a new advanced recycling facility. This long-term contractual commitment further strengthens CPChem's relationship with Nexus for advanced recycled plastic feedstocks to produce Marlex® Anew™ Circular Polyethylene. Nexus has been supplying CPChem for over two years with consistent bulk shipments of ISCC PLUS certified materials. In December 2021, Six Pines Investments LLC, a wholly-owned sustainable investment subsidiary of CPChem, made a meaningful investment in Nexus to expand production at the Atlanta, Georgia, facility. Both companies are continuing discussions for future new expansion commitments.

Key Points: 
  • ATLANTA, Feb. 7, 2023 /PRNewswire/ -- Nexus Circular today announced that the company has signed a long-term commercial agreement with Chevron Phillips Chemical (CPChem) for the supply of a significant volume annually of circular liquid feedstocks from a new advanced recycling facility.
  • This long-term contractual commitment further strengthens CPChem's relationship with Nexus for advanced recycled plastic feedstocks to produce Marlex® Anew™ Circular Polyethylene.
  • Nexus has been supplying CPChem for over two years with consistent bulk shipments of ISCC PLUS certified materials.
  • Clint Thompson, chief commercial officer at Nexus, stated, "Nexus is delivering real-world scalable solutions to meet the outsized demands for virgin-quality recycled plastics.

QatarEnergy, Chevron Phillips Chemical to begin construction on integrated polymers complex in Ras Laffan Industrial City, Qatar

Retrieved on: 
Sunday, January 8, 2023

QatarEnergy and Chevron Phillips Chemical Company LLC announced today they will proceed on construction of a $6 billion integrated polymers complex in Ras Laffan Industrial City, Qatar.

Key Points: 
  • QatarEnergy and Chevron Phillips Chemical Company LLC announced today they will proceed on construction of a $6 billion integrated polymers complex in Ras Laffan Industrial City, Qatar.
  • The companies created a joint venture, Ras Laffan Petrochemicals, in which QatarEnergy owns a 70% equity share and Chevron Phillips Chemical owns 30%.
  • “At Chevron Phillips Chemical, we continue to grow our global asset base where there is access to reliable, affordable feedstock.
  • Chevron Phillips Chemical and QatarEnergy operate joint ventures in Qatar and recently announced construction of a similar integrated polymers facility in Orange, Texas.

Technip Energies Awarded a Proprietary Equipment Contract by Chevron Phillips Chemical and QatarEnergy for the Golden Triangle Polymers Ethane Cracker

Retrieved on: 
Wednesday, December 21, 2022

Technip Energies (PARIS:TE) (ISIN:NL0014559478) has been awarded a contract(1) for the supply of proprietary cracking furnaces for the 2,000 kta(2) ethane cracker for the Golden Triangle Polymers project, a joint venture between Chevron Phillips Chemical (CPChem) and QatarEnergy, along the Gulf Coast in Orange, Texas.

Key Points: 
  • Technip Energies (PARIS:TE) (ISIN:NL0014559478) has been awarded a contract(1) for the supply of proprietary cracking furnaces for the 2,000 kta(2) ethane cracker for the Golden Triangle Polymers project, a joint venture between Chevron Phillips Chemical (CPChem) and QatarEnergy, along the Gulf Coast in Orange, Texas.
  • The modularized cracking furnaces will feature seven of the largest capacity furnaces that Technip Energies has ever designed.
  • Bhaskar Patel, SVP Sustainable Fuels, Chemicals and Circularity of Technip Energies, commented: “We are very pleased that CPChem and QatarEnergy selected our cracker technology and design for this mega-cracker project.
  • To know more about Ethylene: Technip Energies is a world leader in the ethylene industry with about 50 percent of the licensing market share.

Chevron Announces 2023 Capital Expenditure Budgets

Retrieved on: 
Wednesday, December 7, 2022

Upstream capex includes more than $4 billion for Permian Basin development and roughly $2 billion for other shale & tight assets.

Key Points: 
  • Upstream capex includes more than $4 billion for Permian Basin development and roughly $2 billion for other shale & tight assets.
  • Nearly half of affiliate capex is for Tengizchevroils FGP / WPMP Project in Kazakhstan and about a third is for Chevron Phillips Chemical Company, including the U.S. Gulf Coast II petrochemical project.
  • Chevron produces crude oil and natural gas; manufactures transportation fuels, lubricants, petrochemicals and additives; and develops technologies that enhance our business and the industry.
  • Unless legally required, Chevron undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.