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Chevron Corporation (NYSE:CVX)’S Subsidiary Chevron Phillips Chemical Announced Initiation Of World’s Largest 1-Hexene Plant

Boston, MA 06/13/2014 (wallstreetpr) – Chevron Phillips Chemical Company LP (Chevron Phillips Chemical), which is half owned by the subsidiary of Chevron Corporation (NYSE:CVX), on June 12, 2014 announced that it had successfully commissioned and initiated largest on-purpose 1-hexene plant of the world.

Key features of largest on-purpose 1-hexene plant

The largest on-purpose 1-hexene plant has the capability to cater to the world and is also capable of producing 250000 metric tons (551,000,000 lbs.) on an annual basis. This plant is said to enjoy the advantages of feedstock availability, operational knowledge as well as infrastructure by being placed in Cedar Bayou Chemical Complex in Baytown, Texas.

This is the third plant which makes use of proprietary selective on-purpose 1-hexene technology of Chevron Corporation (NYSE:CVX). The selective on-purpose 1-hexene technology can produce comonomer grade 1-hexene from ethylene. This is the proven technology, which is successfully in use at present at the Qatar Chemical Company Ltd.’s facility in Mesaieed, Qatar.

Statement from the General Manager of Normal Alpha Olefins and Polyalphaolefins for Chevron Phillips Chemical

The General Manager of Normal Alpha Olefins and Polyalphaolefins for Chevron Phillips Chemical Company LP (Chevron Phillips Chemical), Mitch Eichelberger said that Chevron Phillips, which is equally owned company of Chevron U.S.A. Inc. (an indirect completely-owned subsidiary of Chevron Corporation (NYSE:CVX) as well as wholly-owned subsidiaries of Phillips 66; is committed towards being a reliable and consistent supplier to the customers. He added that initiation of this plant will allow the customers to think about their business expansion and meet the growing 1-hexene comonomers worldwide demand.

Expansion of 1-hexene production seen in line with Texas’ growth as global petrochemical industry hub

Pete Cella, CEO of Chevron Phillips Chemical explained that the investment of Chevron Phillips Chemical towards expansion of 1-hexene production should be seen in line with the growth of Texas region as the primary global focal point for the petrochemical industry as well as increased supply of competitive feedstocks in this country from shale resources development.

Published by Brendan Byrne

While studying economics, Brendan found himself comfortably falling down the rabbit hole of restaurant work, ultimately opening a consulting business and working as a private wine buyer. On a whim, he moved to China, and in his first week following a triumphant pub quiz victory, he found himself bleeding on the floor based on his arrogance. The same man who put him there offered him a job lecturing for the University of Wales in various sister universities throughout the Middle Kingdom. While primarily lecturing in descriptive and comparative statistics, Brendan simultaneously earned an Msc in Banking and International Finance from the University of Wales-Bangor. He's presently doing something he hates, respecting French people. Well, two, his wife and her mother in the lovely town of Antigua, Guatemala. You may contact Brendan via his email ([email protected]) or his Google+ page (https://plus.google.com/u/0/116608759701551457422).



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