# CPChem and QatarEnergy approve $8.5B polymers facility on U.S. Gulf Coast

Chevron Phillips Chemical and QatarEnergy announced a final investment decision for an $8.5 billion integrated polymers facility in Orange, Texas. The plant will include a 4.6 billion lbs/yr ethane cracker and two 2.2 billion lbs/yr HDPE units, expected to start in 2026.

- Type: Investment
- Announced: 2022-12-01
- Where: Orange, Texas, United States
- Value: $8.50B
- Starts operating: 2026
- Status: announced
- Capacity: 4.6 billion pounds per year ethane cracker, two 2.2 billion pounds per year HDPE units
- Products: ethylene, high-density polyethylene
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md), [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Golden Triangle Polymers Company](https://endata.com/companies/10367.md)
- [Chevron Phillips Chemical](https://endata.com/companies/9058.md) (investor)
- [QatarEnergy](https://endata.com/companies/30677.md) (investor)

## Sources

- [phillips66.com](https://www.phillips66.com/newsroom/petrochemical-joint-venture-2023/), 2023-02-02: "CPChem, the joint venture between Phillips 66 and Chevron, announced in December a final investment decision with QatarEnergy to build an $8.5 billion integrated polymers facility along the U.S. Gulf Coast."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.