Chevron Phillips Chemical Studying NAO Expansion at Cedar Bayou Plant

  Chevron Phillips Chemical Studying NAO Expansion at Cedar Bayou Plant

Business Wire

THE WOODLANDS, Texas -- January 21, 2013

Chevron Phillips Chemical Company LP (Chevron Phillips Chemical) announced it
is studying the possibility of expanding its normal alpha olefins (NAO)
capacity – targeting at least a 20 percent increase in a phased approach – at
its Cedar Bayou Chemical Complex in Baytown, Texas, and the company has filed
the necessary environmental permit application with Texas Commission on
Environmental Quality (TCEQ). Construction would be targeted to commence in
the first quarter of 2014, and the project would be completed in the fourth
quarter of 2015. Final approval would be sought in the third quarter of 2013.

“This study echoes Chevron Phillips Chemical’s strong commitment to the NAO
business and to meeting the growing demand of our customers,” said Mitch
Eichelberger, general manager of normal alpha olefins and polyalphaolefins for
Chevron Phillips Chemical. “In addition, this proposed expansion has great
synergy with the 1-hexene plant currently being built at our Cedar Bayou
complex.”

Earlier in 2012, Chevron Phillips Chemical began construction of the world’s
largest on-purpose 1-hexene plant capable of producing up to 250,000 metric
tons (551,000,000 lbs) per year at its Cedar Bayou complex. This project is
anticipated to start up during the first half of 2014 and utilizes Chevron
Phillips Chemical’s proprietary, 2nd generation, on-purpose 1-hexene
technology to produce comonomer grade 1-hexene with exceptional product purity
from ethylene.

About Chevron Phillips Chemical Company LP

Chevron Phillips Chemical Company LP is a wholly-owned subsidiary of Chevron
Phillips Chemical Company LLC, one of the world’s top producers of olefins and
polyolefins and a leading supplier of aromatics, alpha olefins, styrenics,
specialty chemicals, plastic piping and polymer resins. The LLC and its
affiliates own more than $9 billion in assets and employ approximately 4,700
people at 38 manufacturing and research facilities in eight countries. Chevron
Phillips Chemical Company LLC is equally owned by Chevron Corporation and
Phillips 66, and is headquartered in The Woodlands, Texas. For more
information about Chevron Phillips Chemical, visit www.cpchem.com.

Contact:

Chevron Phillips Chemical Company LP
Melanie Samuelson, 832-813-4651
samuem@cpchem.com
 
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