NPRA ‘11: Chevron Phillips announces plan to build new US cracker

28 March 2011 16:26  [Source: ICIS news]

SAN ANTONIO, Texas (ICIS)--Chevron Phillips Chemical on Monday announced plans to build a world-scale ethane cracker and ethylene derivatives plant at one of its existing facilities in the US Gulf.

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 San Antonio.

Hosted by the National Petrochemical & Refiners Association (NPRA), the IPC continues through Tuesday.

For more on Chevron Phillips Chemical visit ICIS company intelligence

By: William Lemos
+1 713 525 2653

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