CMAI Outlines Chevron Phillips Chemical Strategic Business Position
Houston, TX - Chemical Market Associates, Inc. (CMAI) recently completed the Chemical Company Analysis (CCA) on Chevron Phillips Chemical Company LLC. The report includes strategic direction, financial overviews, global chemical business operations/positions, chemical manufacturing site descriptions and chemical product material balances for Chevron Phillips.
Chevron Phillips Chemical Company LLC directly and through its affiliated companies is a major global producer of olefins, polyolefins, alpha olefins, aromatics, styrenics, specialty chemicals, piping, and high performance engineering resins. With $12.5B in revenues in 2007, the company ranks among the world's top 20 chemical companies, and has close to $7 billion in assets. Chevron Phillips is headquartered in The Woodlands (near Houston), Texas in the United States and has over 5,000 employees worldwide.
Chevron Phillips is pursuing a strategy of sustainable growth for the base chemicals and polymers operations in the United States. New investments in base chemical and polymer production have shifted almost exclusively to the Middle East, where advantaged feedstock costs allow for globally competitive production. Construction is underway which would increase the share of Chevron Phillip's pro-rated capacity in the Middle East from 14 percent currently to about 30 percent in 2012 and provide a crucial source of income during the upcoming downturn of the petrochemical business cycle.
The Chemical Company Analysis (CCA) is a multi-client service aimed at analyzing the structure, dynamics, competition and strategic issues of global and regional chemical industry participants. The 2008 Edition includes company reports on Chevron Phillips Chemical, Braskem, PetroChina, Total Petrochemical, Borealis and Mitsubishi Chemical. Company reports that were published in the 2007 Edition of the CCA are Lyondell, DuPont, SINOPEC, ExxonMobil Chemical, Shell Chemicals, Westlake, and Titan; as well as a supplemental report on the pro-forma combined assets of LyondellBasell Industries.
SOURCE: Chemical Market Associates, Inc.