QatarEnergy and Chevron Phillips Chemical Company (CPChem) marked the ground breaking of the Golden Triangle Polymers Plant in Orange County, in the U.S. State of Texas, marking the beginning of construction of the $8.5 billion world-scale petrochemical facility.
The landmark event was attended by Senior QatarEnergy Executives as well as Mr. Bruce Chinn, the President and CEO of Chevron Phillips Chemical, Mr. Mark Lashier, the President and CEO of Phillips 66, in addition to a number of local elected and appointed officials.
Delivering remarks on behalf of His Excellency Mr. Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of QatarEnergy, Mr. Ahmad Saeed Al-Amoodi, QatarEnergy’s Executive Vice President, Surface Development & Sustainability said: “For over two decades, we have worked hand in hand with Chevron Phillips Chemical to satisfy the growing demand for innovative petrochemical products, which not only constitute a significant portion of our daily lives, but also play a role in shaping how we live. In this partnership, we are also working together to enable balanced growth and to facilitate human development in a responsible and sustainable manner.”
Highlighting the local impact of the new facility, Mr. Al-Amoodi said: “The Orange community is a direct beneficiary of this strategic partnership. We are investing $8.5 billion to build this world-scale facility, which is QatarEnergy’s second largest investment in the U.S. after the more than $11 billion investment in the Golden Pass LNG production and export facility, which is currently under construction about 35 miles from here in Sabine Pass, Texas. This plant will also be, by far, the most significant economic investment in the Orange community in decades, creating jobs and supporting economic growth.”
Related: QatarEnergy and Chevron Phillips to build $8.5bn polymers facility in USA
