28 March 2011 16:26 [Source: ICIS news]
The new facility will utilise the advantaged feed sources expected from development of shale gas reserves, the company said.
"We are finalising our evaluation of potential sites and advancing discussions with... contractors," said Tim Taylor, Chevron Phillips Chemical’s chief operating officer.
The feasibility study is expected to be complete by the end of 2011, the company said.
Chevron Phillips made a pre-announcement of the project during an event at the International Petrochemical Conference (IPC) in ?xml:namespace>
Hosted by the National Petrochemical & Refiners Association (NPRA), the IPC continues through Tuesday.
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