SAN ANTONIO, Texas (ICIS)--Chevron Phillips Chemical views the US energy market as offering compelling opportunities for an aromatics project, its CEO said on Tuesday.
“For the same reasons US shale catalysed opportunities in the olefins market, that set-up could be there for aromatics as well,” said Peter Cella, president of Chevron Phillips Chemical, on the sidelines of the International Petrochemical Conference (IPC).
“It’s about the composition of liquids [in US shale formations]. Our process uses light liquids,” he added.
Chevron Phillips Chemical has a proprietary process, Aromax, for the on-purpose production of benzene which it uses in Saudi Arabia in a joint venture facility.
The Aromax process converts light paraffins and naphthenes to hydrogen and aromatic products such as benzene and toluene.
Hosted by the American Fuel & Petrochemical Manufacturers (AFPM), the IPC continues through Tuesday.