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Chevron Phillips Chemical Successfully Commissions New Marlex® Polyethylene Units at Old Ocean, Texas
September 19, 2017

First Phase of new $6 Billion U.S. Gulf Coast Petrochemical Project is now Operational and Poised to Serve the Robust Global Demand for Advanced Polyethylene Resins


The Woodlands, Texas - (September 19, 2017)


"In 2011, Chevron Phillips Chemical was the first to announce a leading-edge $6 billion petrochemicals project to take advantage of the newfound shale gas resources in the United States and I am thrilled we are completing the first phase of this project," said Mark Lashier, president and CEO. "I want to thank the thousands of employees and contractors who worked to build this incredible new asset that will allow us to continue to meet the growing demand of our loyal customer base worldwide."


Chevron Phillips Chemical's world-recognized Marlex® polyethylene resin produced at Old Ocean will be delivered to customers in North America and to strategic transloading facilities across the United States for export to all regions of the world, supporting the dynamic growth seen around the globe by the company and its many MarTech® licensees.


"Abundant shale gas resources are fueling an economic revival that extends across the nation and supports economic growth around the globe. Chevron Phillips Chemical is proud to be a leading contributor to the nation's growing workforce and strengthening economy," said Lashier.


At peak construction, the U.S. Gulf Coast Petrochemicals Project employed approximately 10,000 contractors devoted to completing not just the polyethylene units in Old Ocean, but also a new world scale ethane cracker being built at the company's existing facilities in Baytown, Texas. The Baytown facility recently experienced flooding as a result of Hurricane Harvey. Chevron Phillips Chemical currently expects to complete construction and begin commissioning the ethane cracker by first quarter 2018 with a transition to full production during second quarter 2018.


About Chevron Phillips Chemical Company LLC

Chevron Phillips Chemical Company LLC is 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 $15 billion in assets, including 33 manufacturing and research facilities in seven 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.


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