Chevron Phillips Chemical moving forward with project that includes two new polyethylene units

Chevron Phillips Chemical Co. has received the board approval to move forward with its plans to execute the US Gulf Coast (USGC) Petrochemicals Project first announced in March 2011.

Additionally, the company was awarded an engineering, procurement and construction (EPC) contract to a joint venture between JGC (USA), Inc. and Fluor Enterprises, Inc. to execute the 1.5 million metric tons/year (3.3 billion lb/year) ethane cracker portion of the project. The company has also awarded an EPC contract to Gulf Coast Partners, a partnership between Technip USA Inc. and Zachry Industrial, Inc., to execute the two new polyethylene facilities, each with an annual capacity of 500,000 metric tons (1.1 billion lb).

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