About Chevron Phillips Chemical Company LLC

Among the world's largest petrochemical firms, Chevron Phillips Chemical (CPChem) produces ethylene, propylene, polyethylene, and polypropylene -- sometimes used as building blocks for the company's other products such as pipe. Chevron Phillips Chemical also produces aromatics such as benzene and styrene, specialty chemicals such as acetylene black (a form of carbon black), and mining chemicals. Chevron Phillips Chemical Company LP is CPChem's wholly-owned, primary US operating subsidiary. CPChem is 50% owned by Chevron U.S.A. Inc., an indirect wholly-owned subsidiary of Chevron Corporation, and 50% by wholly-owned subsidiaries of Phillips 66.

Operations

CPChem is a leading global producer of olefins and polyolefins (more than 80% of total sales) and a major supplier of aromatics, alpha olefins, styrenics, specialty chemicals, as well as piping material and other proprietary plastics. It is the Western Hemisphere's largest producer of high-density polyethylene -- used in blow/injection molding, plastic bags and pipes, and films. CPChem also is near the top in styrene, ethylene, and aromatics production.

CPChem has several petrochemical joint ventures in the Middle East, including Saudi Chevron Phillips Company (50%) and Qatar Chemical Company (not quite 50%). Subsidiary Chevron Oronite produces fuel additives.

The company's chemical products are used in more than 70,000 consumer and industrial products. Its brands include Marlex, Aromax, Scentinel, Soltex, and K-Resin.

Geographic Reach

CPChem operates 35 manufacturing facilities and two research and development centers in Belgium, China, Colombia, Qatar, Saudi Arabia, Singapore, South Korea, and the US.

Sales and Marketing

The company serves a range of markets, including Adhesives and Sealants, Agricultural, Appliances, Automotive, Building and Construction, Chemical Manufacturing, Drycleaning, Textiles, Pharmaceuticals, Paint and Coatings, Imaging and Photography, Packaging, and Electronics.

Strategy

CPChem is growing its complex of chemical plants, taking advantage of the deep pockets of its multinational parents, increased demand for chemical products (especially in Asia), and the abundance of chemical raw materials generated by natural gas production in North American shale basins.

In 2015 the company completed an expansion of its normal alpha olefins capacity at its Cedar Bayou plant in Baytown. Alpha olefins are used in synthetic motor oils, lubricants, surfactants, and other specialty applications.

Growing its infrastructure, during 2014 CPChem completed the construction of a 1-hexene plant (the world's largest) at the company's Cedar Bayou complex in Baytown, Texas, with a design capacity of 250,000 metric tons per year. The product 1-hexene is a component used in the manufacture of polyethylene, a plastic resin commonly converted into film, plastic pipe, milk jugs, detergent bottles, and food and beverage containers.

In 2014 CPChem completed an ethylene expansion at its Sweeny complex in Old Ocean, Texas.

That year, to take advantage of chemical supply from nearby oil and gas basins, the company committed $6 billion to build a 1.5-million-metric-tons/year (3.3 billion pounds/year) ethane cracker and two ethylene derivatives facilities on the US Gulf Coast. The two new polyethylene facilities will each have an annual capacity of 500,000 metric tons (1.1 billion pounds). The projects are due to be completed in 2017.

To raise cash, in 2015 the company sold its its Ryton polyphenylene sulfide business to Solvay for $220 million.

Company Background

In 2011, to expand its portfolio in Europe, the company acquired a polyalphaolefin plant in Beringen, Belgium, from Neste Oil. The acquisition also added to the company's existing production of polyalphaolefins (PAOs), which are used in high-performance lubricants.

A coin toss determined whose name would go first when Chevron and Phillips Petroleum (now Phillips 66) formed 50-50 joint venture Chevron Phillips Chemical Company in 2000.

- Show Less + Show Full Description

Company News and Press Releases

- Show Less + Show More News and Press Releases

Chevron Phillips Chemical Company LLC

10001 Six Pines Dr
The Woodlands, TX 77380-1498
Phone: 1 (832) 813-4100
Fax: 1 (832) 813-4555

Stats

  • Employer Type: Joint Venture
  • President and CEO: Mark E. Lashier
  • President and CEO: Mark E. Lashier
  • SVP, CFO and Controller: Tim D. Leveille
  • Employees: 5,000

Major Office Locations

  • The Woodlands, TX

Other Locations

  • San Ramon, CA
  • Bloomfield, IA
  • Belle Chasse, LA
  • Saint James, LA
  • Hagerstown, MD
  • Pascagoula, MS
  • Perth Amboy, NJ
  • Reno, NV
  • Bartlesville, OK
  • Pryor, OK
  • Wellford, SC
  • Knoxville, TN
  • Baytown, TX
  • Borger, TX
  • Brazoria, TX
  • Brownwood, TX
  • Conroe, TX
  • Humble, TX
  • Orange, TX
  • Pasadena, TX
  • Plano, TX
  • Port Arthur, TX
  • Sweeny, TX
  • Beringen, Belgium
  • Tessenderlo, Belgium
- Show Less + Show More