Chevron Phillips Chemical Company LP announced today it has begun the modernization of its
styrene monomer plant
in St. James, La., a project that will increase plant
production 22 percent when completed in the summer of 2002.
The company's board of directors gave final approval to the project last week. The upgrade of the plant's Styrene Monomer I Unit to state-of-the-art
efficiency will increase the total annual plant production to about 2.1 billion pounds. Preliminary construction began in February.
James L. Gallogly, President and Chief Executive Officer, said, "This is the first step in
Chevron Phillips Chemical Company's continued growth
plans for the styrene business. The upgrade of the St. James plant improves our low-cost manufacturing position, enabling us to continue as a styrene
industry leader."
St. James Plant Manager Mike Gilbert said, "The SM I modernization project will bring our older unit up to par with SM II, enabling Chevron
Phillips Chemical Company - St. James to produce an additional 400 million pounds per year and remain an industry leader in manufacturing
high-quality, low-cost styrene monomer."
John Kmetz, St. James Plant Technical Manager, said the modernization project has received regulatory permit approval. The project will employ
about 300 craftspeople during construction and will not interrupt customer supply, Kmetz said.
Styrene is an aromatic monomer used to produce a wide variety of
polymers with diverse end uses that include packaging, automotive applications,
electronic parts, rubber products,
paper, housewares,
construction materials, carpeting and
toys.
Chevron Phillips Chemical Company LP is one of the world's top producers of
styrenics and
aromatics and is a leading supplier of
olefins and
polyolefins, alpha
olefins and
specialty chemicals. Headquartered in Houston, Texas, the company has assets of more than $6 billion and is owned
equally by Chevron Corporation and Phillips Petroleum Company.