The Woodlands-based Chevron Phillips Chemical has inked a deal with Qatar Petroleum to develop an $8 billion plant on the Gulf Coast in project that will generate thousands of construction jobs and further solidify the region as a petrochemical and plastics hub. Chevron Phillips’ hasn’t named the spot for its latest project but said it t would have direct access to natural gas from the Permian Basin. The company previously has confirmed it is considering Orange, Texas as a site for potential expansion, among other existing locations.
Source: FuelFix
