$8 billion petrochemical plant planned for Gulf Coast to use Permian Basin gas

Houston Chronicle:
The Woodlands-based Chevron Phillips Chemical has inked a deal with Qatar Petroleum to develop an $8 billion plant on the Gulf Coast in a project that will generate thousands of construction jobs and further solidify the region as a petrochemical and plastics hub.

Chevron Phillips hasn't named the spot for its latest project but said it would have direct access to natural gas from the Permian Basin. The company previously has confirmed it is considering Orange as a site for potential expansion, among other existing locations.

Called the US Gulf Coast II Petrochemical Project, the proposed expansion would include an ethane cracker with capacity to process ethane, a byproduct of oil and gas drilling, into 2 million metric tons of ethylene a year. Ethylene is the building block of most plastics.

It would also have two high-density polyethylene unit, each with the capacity to process ethylene into 1 million tons of polyethylene, the world's most common plastic.

It's the second major project Chevron Phillips has undertaken in the region in the past two years after it recently opened its new ethane cracker in Cedar Bayou. The region is in the midst of a second wave of petrochemical projects as major oil and chemical companies are hoping to further capitalize on the growing supply of natural gas feed stock from Texas.

Qatar and Chevron Phillips signed the agreement Tuesday at a ceremony at the White House witnessed by President Donald Trump and His Highness and Sheikh Tamim bin Hamad Al Thani, Amir of the State of Qatar.
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The project would require 9,000 construction jobs and upon completion add 600 permanent jobs.  It adds to a growing list of major petrochemical plants on the Gulf coast including the one on Cedar Bayou.  While there is a growing environmental war on plastic there is no real alternative to it and it would be needed in policies environmentalist push such as electric auto.

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