Associated tags: Chevron Phillips Chemical, Phillips 66, Manufacturing, Chemicals, Plastics, Polymer, Petroleum, Food, Phillips, Oil, Energy, Engineering, Natural gas
Locations: EUROPE, QATAR, MIDDLE EAST, GOLDEN TRIANGLE, PHILLIPS, TEXAS
Retrieved on:
Monday, February 19, 2024
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Natural gas QatarEnergy and Chevron Phillips Chemical today celebrated the commencement of construction of a $6 billion integrated polymers complex in Ras Laffan Industrial City, Qatar.
Key Points:
- QatarEnergy and Chevron Phillips Chemical today celebrated the commencement of construction of a $6 billion integrated polymers complex in Ras Laffan Industrial City, Qatar.
- Executives from QatarEnergy, CPChem and its owner companies, Chevron U.S.A. Inc. and Phillips 66 Company, attended the ceremony.
- CPChem is providing project management services to oversee the engineering, procurement and construction of the facility.
- CPChem and QatarEnergy successfully operate three joint ventures in Qatar – Qatar Chemical Company Ltd., Qatar Chemical Company II Ltd. and Ras Laffan Olefins Company.
Retrieved on:
Thursday, February 8, 2024
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Management Chevron Phillips Chemical announced today that Steve Prusak, currently senior vice president, corporate planning and technology, will become president and chief executive officer, effective March 1, 2024.
Key Points:
- Chevron Phillips Chemical announced today that Steve Prusak, currently senior vice president, corporate planning and technology, will become president and chief executive officer, effective March 1, 2024.
- Current president and chief executive officer, Bruce Chinn, will retire after more than 40 years in the energy industry.
- View the full release here: https://www.businesswire.com/news/home/20240208061212/en/
Current CPChem president and chief executive officer, Bruce Chinn, will retire after more than 40 years in the energy industry.
- Justine Smith, currently senior vice president, petrochemicals, will become executive vice president, commercial, assuming additional responsibility for the polymers and specialties businesses.
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Finance Ras Laffan Petrochemicals, a joint venture company owned 30% by Chevron Phillips Chemical and 70% by QatarEnergy, today announced that it has secured $4.4 billion to finance an integrated polymers facility to be located in Ras Laffan Industrial City, Qatar.
Key Points:
- Ras Laffan Petrochemicals, a joint venture company owned 30% by Chevron Phillips Chemical and 70% by QatarEnergy, today announced that it has secured $4.4 billion to finance an integrated polymers facility to be located in Ras Laffan Industrial City, Qatar.
- The project financing comprises commercial and Islamic lenders and a group of export credit agencies.
- “CPChem very much appreciates the support of the export credit agencies and financial institutions that are participating in the financing of this project,” said Darren Ercolani, CPChem Senior Vice President, Finance, and Chief Financial Officer.
- CPChem and QatarEnergy reached positive final investment decision for the Ras Laffan Petrochemicals project in January 2023, and startup of the facility is expected in late 2026.
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Decker Dirk Perrin, a 25-year veteran of Chevron Phillips Chemical Company LP, is the new plant manager at the company’s Cedar Bayou plant effective April 1, Chevron Phillips Chemical announced today.
Key Points:
- Dirk Perrin, a 25-year veteran of Chevron Phillips Chemical Company LP, is the new plant manager at the company’s Cedar Bayou plant effective April 1, Chevron Phillips Chemical announced today.
- View the full release here: https://www.businesswire.com/news/home/20230403005650/en/
Perrin, previously the plant manager at Chevron Phillips Chemical’s facility in Sweeny, Texas, replaces Gary Piana in the plant manager role.
- These roles include Pasadena Maintenance Manager, Singapore Plant Manager, Qatar Chemical Production Manager and Qatar Chemical Plant Manager.
- These included plant manager at Q-Chem’s Mesaieed site in Qatar, and plant manager for the manufacturing facility in Orange, Texas.
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Renewable energy 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.
Retrieved on:
Thursday, February 16, 2023
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Polymer “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.
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.
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Petroleum 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.
Retrieved on:
Wednesday, November 16, 2022
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LNG Chevron Phillips Chemical owns a 51% equity share in the joint venture and QatarEnergy owns 49%.
Key Points:
- Chevron Phillips Chemical owns a 51% equity share in the joint venture and QatarEnergy owns 49%.
- Chevron Phillips Chemical and QatarEnergy have collaborated for over 20 years on the assets we operate together in Qatar.
- Chevron Phillips Chemical is equally owned indirectly by Chevron U.S.A. Inc. and Phillips 66 Company and is headquartered in The Woodlands, Texas.
- Chevron Phillips Chemical or CPChem may refer to one or more Chevron Phillips Chemical subsidiaries or affiliates or to all of them taken as a whole.
Retrieved on:
Tuesday, September 27, 2022
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Petroleum Ercolani, currently senior vice president, business transformation, has 30 years of industry experience and joined Chevron Phillips Chemical from Phillips Petroleum (now Phillips 66) at the inception of the company in 2000.
Key Points:
- Ercolani, currently senior vice president, business transformation, has 30 years of industry experience and joined Chevron Phillips Chemical from Phillips Petroleum (now Phillips 66) at the inception of the company in 2000.
- Martinez has more than 20 years of service with Chevron Phillips Chemical and has broad experience in information technology, commercial and supply chain.
- Chevron Phillips Chemical is equally owned indirectly by Chevron Corporation U.S.A. Inc. and Phillips 66 Company and is headquartered in The Woodlands, Texas.
- Chevron Phillips Chemical or CPChem may refer to one or more Chevron Phillips Chemicals subsidiaries or affiliates or to all of them taken as a whole.
