QatarEnergy and Chevron Phillips Chemical Company (CPChem) have marked the groundbreaking of the Golden Triangle Polymers Plant in Orange County, in the US State of Texas, marking the beginning of construction of the $8.5 billion world-scale petrochemical facility.
The landmark event was attended by Senior QatarEnergy Executives as well as Mr. Bruce Chinn, the President and CEO of Chevron Phillips Chemical, Mr. Mark Lashier, the President and CEO of Phillips 66, in addition to a number of local elected and appointed officials.
Ahmad Saeed Al-Amoodi Executive VP Surface Development & Sustainability QatarEnergy
“For over two decades, we have worked hand in hand with Chevron Phillips Chemical to satisfy the growing demand for innovative petrochemical products, which not only constitute a significant portion of our daily lives, but also play a role in shaping how we live. In this partnership, we are also working together to enable balanced growth and to facilitate human development responsibly and sustainably.”
Mr. Al-Amoodi said that “The Orange community is a direct beneficiary of this strategic partnership. We are investing $8.5 billion to build this world-scale facility, which is QatarEnergy’s second largest investment in the US after the more than $11 billion investment in the Golden Pass LNG production and export facility, which is currently under construction about 35 miles from here in Sabine Pass, Texas. This plant will also be, by far, the most significant economic investment in the Orange community in decades, creating jobs and supporting economic growth.”
Located about 180 kilometers east of Houston, the plant will include an ethylene cracker unit with a capacity of 2.08 million tons per annum, making it the largest in the world, and two high-density polyethylene units with a combined capacity of 2 million tons per annum, also making them the largest derivatives units of their kind in the world. The plant is expected to startup in 2026 and will be owned by Golden Triangle Polymers Company LLC, a joint venture in which QatarEnergy holds a 49 percent equity interest with 51 percent held by CPChem.
