News & Updates
Shell Cracker Plant to Begin Operations in 2022
MONACA, Pa. – The Shell Pennsylvania Chemicals plant in Monaca, Pa., is on track to begin operations in 2022, a Shell spokesman confirmed Tuesday. The $6 billion petrochemical complex is more than 70% complete, said spokesman Curtis Smith in an email responding to a request for an update on the project. He did not provide …
Propylene Prices Spike to Near Decade High
Houston — Spot polymer-grade propylene prices in the US came within a few cents of a 10-year high Feb. 5 in a sharp runup due to tight supply, squeezing margins for most downstream derivatives, market sources said. Prompt February PGP prices reached 92 cents/lb ($2,028/mt) FD USG Feb. 5, a 140% climb from 38.25 cents/lb on …
CP Chem Announces new Ethane Cracker JV
June 24, 2019 Chevron Phillips Chemical is expanding its operations in the Middle East with a new petrochemical complex in partnership with Qatar Petroleum, the companies announced Monday. The Woodlands petrochemical giant, a subsidiary of Chevron Corp. and Phillips 66, signed a deal Monday to develop, build and operate a polyethylene and high-density polyethylene plant …
Chevron Phillips Chemical in bid to acquire Nova Chemicals
(Reuters) – Chevron Phillips Chemical Company, a joint venture between Chevron Corp and Phillips 66, has offered to acquire Nova Chemicals Corp for more than $15 billion including debt, people familiar with the matter said on Thursday. Chevron Phillips Chemical, one of the world’s top petrochemical producers, would gain scale and expand its footprint through …
LyondellBasell and Neste Partners on bio-based plastic
ROTTERDAM, Netherlands, June 18, 2019 /PRNewswire/ — LyondellBasell (NYSE: LYB), one of the largest plastics, chemicals and refining companies in the world, and Neste (NESTE, Nasdaq Helsinki), the world’s largest producer of renewable diesel from waste and residues, today jointly announce the first parallel production of bio-based polypropylene and bio-based low-density polyethylene at a commercial scale. The …
CP Chems $6B build-out on the Gulf Coast-video
Completed in August of 2018, the sucessful completion of this mega-scale integrated facility demonstrates the foresight of Chevron-Phillips management to envision the impacts of the shale gas revolution. Watch the video here: https://youtu.be/M_0AR2MlTHc