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[13] the U.S. Gulf Coast Petrochemicals Project is expected to create approximately 400 long-term direct jobs and 10,000 engineering and construction jobs, and increase ethylene production at the Cedar Bayou plant by 3.3 billion pounds per year. On April 2, 2014 the Cedar Bayou plant held a groundbreaking ceremony for the construction project. [14]
The Houston plant was authorized in 1942 as part of the United States Rubber Reserve Program, [2] and opened in 1944 operated by Sinclair Rubber. It was subsequently purchased by a joint venture of Tenneco and FMC Corporation in 1955, and the joint venture was named Petro-Tex Chemical Corporation, also known as PTC Corporation, until sold to Texas Olefins in 1984.
As of December 2017, the plant is the fourth-largest taxpayer [1] and the tenth largest employer [2] in Harris County. The refinery has a 275,000 bbl/d (43,700 m 3 /d) crude processing capacity, [ 3 ] making it the 18th largest in the US, [ 4 ] as of January 2019, with a facility that includes crude & vacuum distillation , delayed coker , fluid ...
Chevron Phillips Chemical is headquartered in The Woodlands, Texas, a northern suburb of Houston, and is a major producer of ethylene, propylene, polyethylene, Alpha-olefins, Polyalphaolefins, aromatic compounds and a range of specialty chemicals.
Thick plumes of opaque black smoke billowed into the Texas sky Wednesday after a Houston-area chemical plant caught fire – forcing nearby students to evacuate and residents to shelter in place.
Bob Gower's planning group was then tasked with the job of finding a way to either sell, spin off or shut down the Houston assets, which were losing on the order of $100 million per year by 1984. Instead Gower proposed a radical plan to combine the chemical plant and refinery into a single business unit that would take advantage of operational ...