Under a long-term agreement signed between Braven and Chevron Phillips Chemical (CPChem), Braven will supply its pyrolysis-derived feedstock Braven Pychem to the chemical major. The move will establish a circular economy for the manufacturing of new plastics.
Chevron Phillips Chemical has completed its ethylene expansion project in Old Ocean, Texas. The company's Sweeny complex now has and additional tenth furnace to ethylene unit, adding another 200 million pounds production capacity.
Chevron Phillips Chemical sells its Ryton PPS business to Solvay: The Belgians take over the production assets for US $ 220 million. Ryton, a polyphenylene sulfide polymer was developed by Chevron in the 1970ies.
Saudi Polymers (SPCo), a joint venture of Saudi Arabia's National Petrochemical Company and Chevron Phillips Chemical, starts up production in commercial scales at its petrochemicals facility in Al-Jubail. At one of the largest petrochemicals complexes, the company produces ethylene, propylene, polyethylene, styrene and hexene.