THE WOODLANDS, Texas–(BUSINESS WIRE)–Chevron Phillips Chemical Company LP (Chevron Phillips Chemical) announced today that it has reached final investment decision to expand the low viscosity polyalphaolefins (PAO) capacity at its Cedar Bayou plant in Baytown, Texas by 10,000 metric tons per year or about 20 percent. The expansion will allow the company to meet the increasing demand for high-performance lubricants in automotive and industrial applications, as demand for higher energy efficiency and high-quality basestocks continues to grow.
The project also improves process safety and overall unit efficiencies while reducing waste generation for the Cedar Bayou’s PAO unit. Feedstocks for this project will be provided through Chevron Phillips Chemical’s recent 100,000 metric tons per year expansion of normal alpha olefins (NAO) capacity at its Cedar Bayou plant.
“This additional capacity enables us to expand with our customer base to meet the future requirements of the industry,” said Global PAO Business Manager for Chevron Phillips Chemical Miles Oberton. Chevron Phillips Chemical is a leader in the development and production of PAOs, marketed under the brand name Synfluid® PAO, which are used for a variety of automotive and industrial applications including engine oils, gear oils and greases.
Construction will begin in April 2016 with completion and startup expected by mid-2017. The expansion will support up to 135 construction and engineering jobs.
About Chevron Phillips Chemical Company LP
Chevron Phillips Chemical Company LP is an indirect 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. With approximately 5,000 employees, the LLC and its affiliates own $14 billion in assets, including 36 manufacturing and research facilities in eight countries. Chevron Phillips Chemical Company LLC is equally owned by Chevron U.S.A. Inc., an indirect wholly-owned subsidiary of Chevron Corporation, and by wholly-owned subsidiaries of Phillips 66, and is headquartered in The Woodlands, Texas. For more information about Chevron Phillips Chemical, visit www.cpchem.com. Also, follow us on Twitter: @chevronphillips.
Contacts
Chevron Phillips Chemical Company LP
Melanie Taplett, 832-813-4651
samuem@cpchem.com