Chevron Phillips Chemical.
Chevron Phillips Chevron Phillips is a chemical producer jointly owned by Chevron Corporation and ConocoPhillips. The company was formed July 1st, 2000 by merging the chemicals operations of both Chevron Corporation and Phillips Petroleum Company. Chemical announced plans to shut down two process units, including the cumene Cu´mene
n. 1. (Chem.) A colorless oily hydrocarbon, C6H5.C3H7, obtained by the distillation of cuminic acid; - called also cumol ltname>. unit and the UDEX UDEX Universal Descriptor Exchange benzene extraction unit, by year end at its Port Arthur, TX, facility. As a result of the closures, the company will undertake a reorganization of the Port Arthur facility, which is expected to result in the reduction of approximately 25-30% of the workforce at Port Arthur. The plant currently employs 254 associates. CPChem will continue operation of the olefins complex, as well as the existing cyclohexane cyclohexane (sī'kləhĕk`sān), C6H12, colorless liquid hydrocarbon. It is a cyclic alkane that melts at 6°C; and boils at 81°C;. It is nearly insoluble in water. unit at the facility.
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