Chevron Phillips advances feasibility study to construct ethane cracker by developing shale gas reserves

29-Mar-11

In a bid to capitalize on the advantaged feedstock position that shale gas resources could bring to the US chemical industry, Chevron Phillips Chemical Company LP is advancing a feasibility study. The feasibility study is for a project to construct a world-scale ethane cracker and ethylene derivatives unit at one of its existing facilities in the U.S. Gulf Coast region using advantaged feed sources expected from development of shale gas reserves. "We are finalizing our evaluation of potential sites and advancing discussions with EPC contractors," said Tim Taylor, COO for Chevron Phillips Chemical. “Our company is already a leading light cracker operator in the U.S. Gulf Coast region and an established supplier of olefins, polyolefins, and alpha olefins globally. Our technology portfolio, organizational capability, integration with our parent companies, and petrochemical infrastructure make us uniquely suited to execute this potential investment.”