Articles from Chevron Phillips Chemical

Drilling Specialties, in collaboration with Chevron Phillips Chemical’s polyalphaolefins organization, announced today the launch of NanoSlide™ drilling fluid lubricant, a proprietary next-generation drilling fluid product designed to deliver exceptional wear reduction and friction control in high-demand drilling environments.

Chevron Phillips Chemical announced today that the shareholders of Chevron Phillips Singapore Chemicals have agreed to sell 100% of their shares to Aster Chemicals and Energy through its affiliate Chandra Asri. Aster is a joint venture company between Chandra Asri and Glencore.

Chevron Phillips Chemical today published its 2023 Sustainability Report, a comprehensive document that showcases the company’s efforts and notable achievements in its journey to advance sustainability. Titled Stepping Up, the organization’s 13th sustainability report reflects the purpose, people and progress of CPChem’s global business in working to address key environmental, social and governance (ESG) matters.

QatarEnergy and Chevron Phillips Chemical today celebrated the commencement of construction of a $6 billion integrated polymers complex in Ras Laffan Industrial City, Qatar.

Chevron Phillips Chemical announced today that Steve Prusak, currently senior vice president, corporate planning and technology, will become president and chief executive officer, effective March 1, 2024. Current president and chief executive officer, Bruce Chinn, will retire after more than 40 years in the energy industry.

Ras Laffan Petrochemicals, a joint venture company owned 30% by Chevron Phillips Chemical and 70% by QatarEnergy, today announced that it has secured $4.4 billion to finance an integrated polymers facility to be located in Ras Laffan Industrial City, Qatar.

Chevron Phillips Chemical (CPChem) and Charter Next Generation (CNG) announced today that overwrap film made with CPChem’s Marlex® Anew™ Circular Polyethylene is bound for store shelves in the U.S. Versatile and efficient, overwrap films help preserve food, keep medical instruments secure and sterile, and provide lightweight and durable product packaging.

Chevron Phillips Chemical (“CPChem”) announced today plans to expand its polyalphaolefins (PAO) business with the construction of a new unit in Beringen, Belgium. Once local permits are approved, this significant investment will double the company’s PAO production capacity in Belgium (to 120,000MT) upon targeted startup in 2024.

Reaching a significant milestone in its efforts to strengthen the circular economy for plastics, Chevron Phillips Chemical (CPChem) today announced the first commercial sales of its Marlex® Anew™ Circular Polyethylene. Using advanced recycling technology to process pyrolysis oil, a feedstock made from difficult-to-recycle waste plastics, CPChem is delivering on its commitment to bring a fully certified circular polyethylene product to market in the U.S.

Six Pines Investments LLC (“Six Pines”), a wholly-owned, sustainable investment subsidiary of Chevron Phillips Chemical Company LLC (“CPChem”) announced today its equity investment in two leading circular plastics recyclers, Nexus Circular LLC (“Nexus”) and Mura Technology Ltd. (“Mura”).

Chevron Phillips Chemical announced today plans to expand its propylene business with a final investment decision for a new C3 splitter unit. The unit’s location will be in Baytown, Texas, within the company’s Cedar Bayou facility. Its expected capacity is 1 billion lbs./year with targeted start up in 2023. The company chose S&B Engineers and Constructors to engineer, procure and build the project. Site construction activities will commence in January 2022. At its peak, the project anticipates supporting 350-plus new construction jobs.

Chevron Phillips Chemical announced today that Operations Superintendent Amanda Baca at the Sweeny/Old Ocean Facilities is among the 130 national recipients of the prestigious 2021 STEP Ahead awards by the National Association of Manufacturers’ (NAM) Manufacturing Institute. The distinct honor celebrates women with an impressive track record of leadership, professional excellence and community involvement in science, technology, engineering and production (STEP) careers.

Chevron Phillips Chemical announced today plans to expand its alpha olefins business with a second world-scale unit to produce on-purpose 1-hexene. Expected capacity for the new unit is 266 KTA with targeted startup in 2023 and its location will be Old Ocean, Texas, near the company’s Sweeny facility. At its peak, the project anticipates supporting more than 600 construction jobs and 50-plus full-time positions.