About Chevron Phillips Chemical
As one of the world’s top producers of olefins and polyolefins and a leading supplier of aromatics, alpha olefins, styrenics, specialty chemicals and piping, Chevron Phillips Chemical Company LLC and its affiliates are committed to driving sustainable practices throughout all of our businesses.
Our chemicals and plastic resins are essential to the manufacture of more than 70,000 consumer and industrial products. We are highly invested in preserving natural resources, developing our employees and caring for the communities in which we do business.
Our company was founded on July 1, 2000, when Chevron Corporation and Phillips Petroleum Company, now Phillips 66, combined their worldwide petrochemical businesses. Chevron and Phillips 66 and their wholly-owned affiliates each continue to own 50 percent of Chevron Phillips Chemical.  Headquartered in the Woodlands, Texas Chevron Phillips Chemical has $16.8 billion in assets, more than $9.6 billion in annual revenues, interest in 32 facilities and nearly 5,000 employees.
In 2017, our asset base continued to grow as we advanced construction of our U.S. Gulf Coast (USGC) Petrochemicals Project. Located across two sites, Old Ocean which completed successful start-up and commissioning, and Cedar Bayou, Texas, the $6 billion project will use abundant shale feedstocks to meet the ever-increasing global demand for plastic products.
This project includes a 1.5 million metric ton per year ethane cracker which will produce ethylene and two world-scale polyethylene units that will each produce 500,000 metric tons of resin every year. The project will increase the company’s North America ethylene capacity by 40 percent and our polyethylene capacity by the same percentage.