CP Chem's US PE units on track for Q3 startup - Phillips 66

01 August 2017 20:26 Source:ICIS News

SOURCE: Dinendra Haria/REX/ShutterstockHOUSTON (ICIS)--US refiner Phillips 66 said on Tuesday that its joint-venture Chevron Phillips Chemical (CP Chem) polyethylene (PE) plants in Texas are on schedule to start up by the end of Q3.

“Our PE units are mechanically complete and close to putting hydrocarbons in,” Phillips 66’s CEO Greg Garland said in the company’s Q2 earnings call.

The two 1.1bn lb/year (500,000 tonne/year) PE derivative units at Old Ocean, Texas, reached mechanical completion in June. When operational, the units will increase CP Chem's global ethylene and polyethylene capacity by one third.

In addition, CP Chem’s 1.5m tonne/year ethane cracker in Cedar Bayou, Texas, is expected to be completed in Q4.

CP Chem is a joint venture with US refiner Phillips 66 and US oil and gas major Chevron.

By Steven McGinn