Chevron confirms expected CP Chem cracker start-up for 2017

12 March 2013 15:26  [Source: ICIS news]

HOUSTON (ICIS)--Chevron Phillips Chemical's 1.5m tonne/year ethylene cracker project on the US Gulf Coast is still expected to start up in 2017, Mike Wirth, head of Chevron's downstream and chemicals business, said in an update on Tuesday.

Chevron and partner Phillips 66 in the Chevron Phillips Chemical (CP Chem) joint venture expect to take a final investment decision on the project later this year, Wirth said during a webcast investor event. The project had been announced in 2011.

As for other chemical projects, Wirth said that CP Chem’s new 250,000 tonne/year hexene plant at Cedar Bayou, Texas, will start up next year.

Meanwhile, Chevron’s new 25,000 bbl/day base oil plant at Pascagoula, Mississippi, is expected to start up late this year, he said.

Chevron’s Oronite lubricants expansion project in Singapore will come online in phases in 2014 and 2016, Wirth said.

Also, Chevron’s GS Caltex joint venture is currently commissioning a gas oil cracker at Yeosu, South Korea, which should be in full operation this month to make the Yeosu refinery the largest Korean processor of heavy oil, Wirth said.

By: Stefan Baumgarten
+1 713 525 2653

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