Asian Chemical Connections
Chevron Phillips Chemical held on 2 April a ground-breaking ceremony for its new 1.5m tonne/year cracker at its Cedar Bayou complex in Baytown, Texas, the first one to be built in the US in more than a decade.
“It’s a trailblazing project,” CEO Peter Cella said. The ethane cracker will supply the company’s two new polyethylene (PE) plants, for which it should hold another ground-breaking ceremony on 17 June, Cella noted.
INSIGHT: Crude price falls push petchems lower, raise price volatility
“Everyone is on the sidelines because they don’t know where the bottom is and don’t know what to do.”
VIDEO: ICIS special report - impact of lower crude oil prices