Chevron Phillips Chemical Announces Expansion of PAO Capacity at its Cedar Bayou Plant

June 6, 2017

THE WOODLANDS, Texas–(BUSINESS WIRE)–Chevron Phillips Chemical Company LP (Chevron Phillips Chemical)
announced today it has successfully completed a low viscosity
polyalphaolefins (PAO) capacity expansion at its Cedar Bayou plant in
Baytown, Texas.

The 20 percent capacity expansion enables the company to meet the
increasing demand for high-performance lubricants in automotive and
industrial applications. Chevron Phillips Chemical is a leader in the
development and production of PAOs, marketed under the brand name
Synfluid^® PAO, which are used for a variety of applications
including engine oils, gear oils and greases.

The project improves process safety and overall unit efficiencies while
reducing waste generation for Cedar Bayou’s PAO unit. The feedstock for
the new unit will be provided from Cedar Bayou’s recent
100,000-metric-tons-per-year expansion of its normal alpha olefins
capacity.

Construction began in April 2016 and supported up to 135 construction
and engineering jobs.

About Chevron Phillips Chemical Company LP

Chevron Phillips Chemical Company LP is an indirect wholly-owned
subsidiary of Chevron Phillips Chemical Company LLC, one of the world’s
top producers of olefins and polyolefins and a leading supplier of
aromatics, alpha olefins, styrenics, specialty chemicals, plastic piping
and polymer resins. With approximately 5,000 employees, the LLC and its
affiliates own $15 billion in assets, including 33 manufacturing and
research facilities in seven countries. Chevron Phillips Chemical
Company LLC is equally owned by Chevron U.S.A. Inc., an indirect
wholly-owned subsidiary of Chevron Corporation, and by wholly-owned
subsidiaries of Phillips 66, and is headquartered in The Woodlands,
Texas. For more information about Chevron Phillips Chemical,
visit www.cpchem.com.
Also, follow us on Twitter: @chevronphillips.