Chevron Phillips Chemical and Qatar Petroleum to jointly develop US Gulf Coast petrochemical project

摘要

Chevron Phillips Chemical Corn-pany LLC (CP Chem) and Qatar Petro-leum have signed an agreement to jointly pursue development of a new petrohemical plant in the Gulf Coast rejion of the US. The US Gulf Coast II petrochemical Project (USGC II) will include a 2,000-kta ethylene cracker and two 1,000-kta high-density polyethylene units. The preliminary cost of USGC II is pegged at about $8-bn.