Jubail Chevron Phillips begins commercial operation

19-Aug-08

Chevron Phillips Chemical Company LLC (Chevron Phillips Chemical) today announced the Jubail Chevron Phillips Company (JCP) has commenced startup operations at a world-scale styrene facility in the Eastern Province city of Al-Jubail. The $1.2 Billion facility produces benzene, ethylbenzene, styrene and propylene. The JCP facility includes feed fractionation, an olefins cracker, ethylbenzene and styrene monomer process units, and associated utilities and infrastructure. The existing SCP aromatics plant was expanded as part of the project and will supply feedstock to the styrene facility. "This new styrene plant, and the expansion of the existing Saudi Chevron Phillips Company (SCP) aromatics plant, build on the solid foundation we have established in the region and is a further example of our pursuit of strategic growth opportunities and geographic diversification," said Greg Garland, Chevron Phillips Chemical President and CEO. JCP will begin exporting styrene shipments in September 2008. Production quantities will increase during the next three months until the facility reaches full capacity. Marketing activities for production from the new plant will be shared. Jubail Chevron Phillips Company will operate the new facilities and market the products in the Arab Gulf Region, while a Chevron Phillips Chemical subsidiary will market the remaining export volumes worldwide. Jubail Chevron Phillips Company is a joint venture equally owned by the Saudi Industrial Investment Group and Arabian Chevron Phillips Petrochemical Company Ltd., a subsidiary of Chevron Phillips Chemical. Chevron Phillips Chemical Company LLC is equally owned by Chevron Corporation and ConocoPhillips, and is headquartered in The Woodlands, Texas. (Press Release)