​QatarEnergy and Chevron Phillips Chemical (CPChem) have broken ground on the $8.5bn Golden Triangle polymers plant in Orange County, Texas, US.

Scheduled to begin operations in 2026, the petrochemicals facility will comprise an ethylene cracker unit with a capacity of 2.08 million tons per annum (Mtpa).

It will also feature two high-density polyethylene units which, put together, will have a production capacity of two million tonnes per annum.

The Golden Triangle polymers plant will be owned by Golden Triangle Polymers, a joint venture between QatarEnergy (49%) and CPChem (51%).

QatarEnergy surface development and sustainability executive vice-president Ahmad Saeed Al-Amoodi said: “For over two decades, we have worked hand in hand with Chevron Phillips Chemical to satisfy the growing demand for innovative petrochemical products, which not only constitute a significant portion of our daily lives, but also play a role in shaping how we live.

“In this partnership, we are also working together to enable balanced growth and to facilitate human development in a responsible and sustainable manner.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

CPChem will oversee the project’s planning, procurement, and construction.

The project is expected to create approximately 4,500 construction jobs and over 500 jobs once operational.

The project’s polyethylene output will primarily be marketed to customers in Asia, Europe, and Latin America.

QatarEnergy said that the Golden Triangle project marks its second biggest investment in the US, after the more than $11bn investment in the Golden Pass liquefied natural gas (LNG) production and export facility, which is under construction in Sabine Pass, Texas.

In December 2022, Technip Energies secured a €250m contract to deliver modularised cracking furnaces for the ethane cracker at the Golden Triangle Polymers project.