Old Ocean: Chevron Phillips' $6B part deux underwayOld Ocean: Chevron Phillips' $6B part deux underwayhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=38382014-06-23T07:57:00Z2014-06-23T00:00:00Z

OLD OCEAN, BRAZORIA COUNTY - Chevron Phillips Chemical Company LP broke ground on the second part of its U.S. Gulf Coast Petrochemicals Project, a $6 billion investment.

The construction includes two polyethylene units that will both produce 500,000 metric tons of plastic resin every year.

The resin will be used for a variety of products, including new flexible packaging options that extend the shelf life of fruits and vegetables, as well as in the creation of plastic piping, merchandise bags and bottles.

The project also includes installing 45 miles of railroad track to hold and transport the output from the facility. More than 400 long-term direct jobs and 10,000 engineering, construction and fabrication jobs will be created due to the project.

Chevron Phillips kicked off the first part of the $6 billion investment with an April 2 groundbreaking for its new ethane cracker facility at its Cedar Bayou Plant in Baytown.

It also recently completed the world’s largest on-purpose 1-hexene plant at the company’s Cedar Bayou Chemical Complex in Baytown.

Houston Business Journal
Houston-The Woodlands-Sugar Land
http://www.bizjournals.com/houston/news/2014/06/18/chevron-phillips-breaks-ground-on-second-part-of.htmlRead more at {Source}

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