Chevron Phillips Chemical Co.and QatarEnergy have plans to construct of an $8.5 billion integrated polymers facility in Orange, Texas, which is expected to create more than 500 full-time jobs and approximately 4,500 construction jobs and generate an estimated $50 billion for the community in residual economic impacts.
The companies have made a positive final investment decision on the project and created a joint venture company, Golden Triangle Polymers Company LLC, named for the Golden Triangle region of Texas that includes the city of Orange. Chevron Phillips Chemical owns a 51 percent equity share in the joint venture and QatarEnergy owns 49 percent.
Once operational, the plant will produce Marlex® polyethylene. Polyethylene is used in the production of durable goods like pipe for natural gas and water delivery and recreational products such as kayaks and coolers. It is also used in essential packaging applications to protect and preserve food, helping prevent it f