How two petrochemical titans came together to tackle an $8B project

Chevron Phillips Chemical Co. LLC’s latest massive wave of petrochemical expansion bears some similarities to the one it completed last year. At $8 billion, it’s larger but on a similar scale to the $6 billion first wave. It’s also similarly situated on the U.S. Gulf Coast.

The difference is that this time, the company isn’t going it alone.

The Woodlands-based CP Chem announced earlier this year that it would work on two projects in partnership with state-owned Qatar Petroleum.



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