Economic PerformanceEconomic Performance

The company’s driver for corporate sustainability is to provide value to our stakeholders. Overall our 2017 earnings were impacted significantly by Hurricane Harvey, however; without the impact of the storm, earnings would have been higher than the prior year. 
 
 
 
 
New Marlex® Polyethylene Units in Old Ocean, Texas Come Online
In September 2017, Chevron Phillips Chemical successfully completed commissioning and started up two new polyethylene units in Old Ocean, Texas. Each unit will produce up to 500,000 metric tons annually to service the ever-increasing global demand for polyethylene. These units can produce a wide variety of polyethylene resin from metallocene LLDPE film to bi-modal film and pipe products, displaying the wide capability of Chevron Phillips Chemical's proprietary MarTech® technology. 
 
 
Chevron Phillips Chemical's world-recognized Marlex® polyethylene resin produced at Old Ocean is being 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. See below for a time lapse video of construction and completion of our two polyethylene units at Old Ocean.

 

 

 


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