The Qatari state-run oil and gas company QatarEnergy and Chevron Phillips Chemical Company LLC (CP Chem), Chevron’s petrochemical joint venture with Phillips 66, have taken a positive final investment decision on the construction of an integrated petrochemical project in Orange, Texas, the USA. The complex worth $8.5 billion will include a 2.08 million-tpy ethane cracker and two 1 million-tpy HDPE units. It is QatarEnergy’s largest petrochemical investment ever. CP Chem owns a 51% equity share in the joint venture Golden Triangle Polymers Company LLC, with QatarEnergy holding 49%. The company was named after the Golden Triangle region of Texas that includes the city of Orange where Chevron Phillips Chemical and its predecessors have had presence since 1955.
The construction will start immediately after the final investment decision is made. The complex startup is scheduled for 2026. The facility is expected to create more than 500 full-time jobs and about 4,500 construction ones, also generating an estimated $50 billion for the community as a residual economic impact. HDPE plants will make CP Chem’s Marlex polyethylene used in the production of pipes for natural gas and water delivery, along with products such kayaks and coolers. The commodity manufactured at the plant will also be used in an array of plastic packaging applications.
Golden Triangle Polymers Company LLC is aiming to have 25% lower greenhouse gas emissions than similar projects across the United States and Europe as a part of the company’s strategy to enable smaller carbon footprint. CP Chem will engage in the engineering, procurement and construction for the project and operate the facility after the commissioning. The project will help expand Chevron Phillips Chemical’s and QatarEnergy’s product portfolios and meet growing global demand for HDPE. The companies have jointly been operating assets in Qatar safely and reliably for over 20 years now and are looking forward to further cooperation.
SK picglobal, a joint venture between SKC and the Kuwaiti national petrochemical company PIC (Petrochemical Industries Company), is the leading global supplier of propylene oxide and its derivative propylene glycol, and INEOS Styrolution, the global leader in styrenics, signed a memorandum of understanding (MoU) on 7 November. The agreement gave INEOS Styrolution access to renewable styrene monomer output from SK picglobal’s POSM plant in Ulsan, South Korea.
SK picglobal plans to obtain ISCC PLUS certification (the International Sustainability and Carbon Certification) in 2023. It will help the company produce and supply renewable SM to INEOS Styrolution under the MoU. ISCC certification supports the use of advanced recycling technology and bio-attributed feedstock for the manufacture of recycled polystyrene and other styrenic products.
‘This renewable SM will enable us to offer recyclable, sustainable products with the exact same quality and performance that customers have come to expect,’ Arndt Kotyczka, INEOS Styrolution Vice President, Global Styrene Monomer, said. The agreement with SK picglobal is an addition to INEOS Styrolution’s efforts to create a circular economy for both PS and ABS in Asia. INEOS Styrolution had its manufacturing sites in Channahon and Texas City, the United States, and Altamira, Mexico, ISCC Plus certified in December 2021 and those in Antwerp, Belgium, and Ludwigshafen, Germany, in January 2022.