Dec 16, 2024 | Phillips 66 News Release

Two world-scale joint venture projects being developed by Chevron Phillips Chemical Company (CPChem) and QatarEnergy remain on track to start operations in 2026, Phillips 66 said on Monday. Phillips 66 and Chevron hold equal stakes in Chevron Phillips Chemical.

The US project is Golden Triangle Polymers, an integrated polyethylene (PE) complex in Orange, Texas. Chevron Phillips holds a 51% stake, and construction started in 2023.

The Qatari project in Ras Laffan is another integrated PE project. It is a 70:30 joint venture between QatarEnergy and CP Chem. Construction on this project started in 2024.

Remarquably, these two ethane crackers employing Technip tecnology will be the world's two largest, producing each above 2 Mt/a of ethylene when they are starting up, and each of the two CPChem MarTECH Single Loop polymerization plants also the world's largest with an output of 1 Mt/a of HDPE each at Golden Triangle and 850 Kt/a each at Ras Laffan.


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