QatarEnergy, CPChem begin construction of $8.5bn petrochemical facility

QatarEnergy and Chevron Phillips Chemical Company (CPChem) marked the ground breaking of the Golden Triangle Polymers Plant in the US, marking the beginning of construction of the $8.5bn petrochemical facility.

QatarEnergy and CPChem celebrate the ground breaking for the Golden Triangle Polymers Plant in Texas#QatarEnergy #YourEnergyTransitionPartner ⁣⁣ #Qatar pic.twitter.com/mHNJG0W2sv

— QatarEnergy (@qatarenergy) March 8, 2023

The plant is located in Orange County, in the state of Texas, about 180 kilometres east of Houston.

The facility will include an ethylene cracker unit with a capacity of 2.08 million tons per annum, making it the largest in the world, the state-owned energy giant said on Tuesday. It also includes two high-density polyethylene units with a combined capacity of two million tons per annum.

The plant is expected to startup in 2026 and will be owned by Golden Triangle Polymers Company, a joint venture in which QatarEnergy holds a 49 per cent equity interest with 51 per cent held by CPChem.

“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,” said Ahmad Saeed Al-Amoodi, QatarEnergy’s executive vice president, surface development and sustainability.

“The Orange community is a direct beneficiary of this strategic partnership.”

“We are investing $8.5bn to build this world-scale facility, which is QatarEnergy’s second largest investment in the US after the more than $11bn investment in the Golden Pass LNG production and export facility, which is currently under construction about 35 miles from here in Sabine Pass, Texas,” added Al-Amoodi.

The Qatari company has been investing beyond the country’s borders to strengthen its global footprint.

Read: QatarEnergy acquires 30% stake in Lebanon’s offshore exploration blocks

The energy giant was awarded the Agua-Marinha Production Sharing Contract, under the 1st Cycle Permanent Offer round, in a consortium with TotalEnergies and Petronas.

Read: QatarEnergy wins working interest in Brazil’s offshore exploration block