BORGER, Texas (Aug. 7, 2007) - Chevron Phillips Chemical Company LP (Chevron Phillips Chemical) broke ground today on construction of a 22 million pound per year Ryton® polyphenylene sulfide (PPS) manufacturing facility that will boost the Borger facility's total PPS production to 44 million pounds per year.
"The decision to build a new Ryton PPS plant in Borger is a major step forward for our specialty chemicals business," said Ray Wilcox, president and chief executive officer of Chevron Phillips Chemical. "As a global leader in PPS technology, this new plant will secure our position in the marketplace for many years to come."
Like the existing Ryton® PPS plant, much of the PPS polymer produced in Borger will be sent to Chevron Phillips Chemical's compounding facilities in LaPorte, Texas; Kallo, Belgium; and Tuas, Singapore, where it is compounded with glass fibers and minerals to develop resins with unique performance features. Due to be completed in 2009, the new plant will share some infrastructure and operations with the existing Ryton® PPS plant.
Ryton® PPS is a high performance engineering resin known for it's dimensional stability and resistance to corrosive and high-temperature environments. Throughout its 30-plus year legacy, Ryton® PPS has been recognized as the world's premier product for demanding plastics applications. Ryton® PPS is used in injection molding and extrusion applications for computer components, automobile parts and electrical appliances.
About Chevron Phillips Chemical Company LP
Chevron Phillips Chemical Company LP and its affiliates produce petrochemicals that are essential to manufacturing over 70,000 consumer and industrial products, including olefins and polyolefins, aromatics, alpha olefins, styrenics, specialty chemicals, piping and proprietary plastics. The company has approximately $7 billion in assets, operates 37 manufacturing and research facilities in eight countries, and employs approximately 5,500 persons worldwide. The company is equally owned by Chevron Corporation and ConocoPhillips is headquartered in The Woodlands, Texas. For more information about Chevron Phillips Chemical, visit www.cpchem.com.