Chevron Phillips Chemical Co. will build the world’s largest plant, by capacity, for making 1-hexene, a key component of plastic resin. The plant, which Chevron Phillips will begin building this year, is scheduled to begin operations in the first quarter of 2014 and have an annual production capacity of 250,000 metric tons, or 551 million pounds, according to a company announcement. The project will create up to 500 construction and engineering jobs before it is completed and will sustain 14 long-term direct jobs.
Chevron Phillips also intends to build its USD 5 billion U.S. Gulf Coast Petrochemicals Project at the same Baytown facility, adding an ethane cracker there. It announced plans last week to expand its natural gas liquids processing complex in Old Ocean, Texas, adding 22,000 barrels a day of capacity by February 2013.