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CP Chem plans to invest $5.8 billion in the construction of a chemical plant in the US

CP Chem plans to invest $5.8 billion in the construction of a chemical plant in the US
Issue Time:2019-02-27

According to a Platts Energy News report on February 22, according to documents submitted to the Texas Audit Office, Chevron Phillips Chemical Company may build a steam cracker and at least one in southeast Texas. Derivative device.

The document shows that the company is evaluating whether to buy a 1,700-acre project site near Orange, Texas, as a cracker, one or more derivative units, an administrative building, a utility, and a logistics infrastructure. Location and other modifications needed to operate production facilities. The plant is estimated to cost about $5.8 billion.

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