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Chevron Phillips Chemical receives ISCC PLUS certification, secures supply agreement

January 28/2021

MOSCOW (MRC) -- Chevron Phillips Chemical (CPChem) announced two significant developments in its advanced recycling program which converts waste plastics into circular polyethylene, said Hydrocarbonprocessing.

 Since introducing Marlex Anew Circular Polyethylene in October, the company has received certification through the International Sustainability and Carbon Certification PLUS (ISCC PLUS) process and signed a long-term supply agreement with Nexus Fuels LLC (Nexus) as its first supplier of pyrolysis oil.

The internationally recognized ISCC PLUS certification verifies Chevron Phillips Chemical meets the high standards required to hold the certificate, providing customers of Marlex® Anew™ Circular Polyethylene with added confidence in the certified circular product. This certification reflects the company’s committed and growing efforts to create sustainable streams for waste plastics. Chevron Phillips Chemical’s Cedar Bayou facility in Baytown, Texas, produces Marlex Anew™ Circular Polyethylene. It is the company’s first location to receive the ISCC PLUS certification, a status Chevron Phillips Chemical expects to seek as additional sites are added to the expanding advanced recycling program.

Nexus, a proven leader in converting difficult-to-recycle waste plastics into pyrolysis oil, has already begun supplying its high-quality, certified feedstock needed to produce Marlex® Anew™ Circular Polyethylene. Nexus has successfully obtained ISCC PLUS certification, which combined with Chevron Phillips Chemical’s ISCC PLUS certification, establishes Marlex Anew Circular Polyethylene as an end-to-end certified circular product. Jeff Gold, Nexus founder and chief executive officer, said “Consumers and brands want action, not promises, that address plastic waste.” Eric Hartz, president and co-founder, added, “Nexus and CPChem are delivering a real-world solution that is actively diverting plastic waste from landfills and the environment while generating high quality products."

The Nexus supply agreement and ISCC PLUS certification of both companies make Chevron Phillips Chemical well-positioned to further scale production of its circular polymer and deliver sustainable products for years to come. Chevron Phillips Chemical is targeting an annual production volume of 1 billion lbs. of Marlex Anew Circular Polyethylene by 2030.

“The early success and certification of our advanced recycling program reinforces CPChem’s drive to cultivate a circular economy for plastics,” said Jay Bickett, vice president of polymers and sustainability at Chevron Phillips Chemical. “CPChem continues to develop approaches that generate value from plastic waste and I am confident we will maintain a leadership role in delivering sustainable solutions long after we achieve our 2030 goal."

As MRC informed previously, in March 2018, Chevron Phillips Chemical, part of Chevron Corp, successfully introduced feedstock and commenced operations of a new ethane cracker at its Cedar Bayou facility in Baytown, Texas. At peak production, the unit will produce 1.5 million metric tons/3.3 billion lbs. per year. This unit is one of the largest and most energy efficient crackers in the world. In September 2017, the company announced the successful commissioning and start-up of two new Marlex polyethylene (PE) units in Old Ocean, Texas, based on the company’s proprietary MarTech technologies. Together, these assets form the bulk of the company’s US Gulf Coast Petrochemicals Project (USGCPP), which was first announced in 2011.

Ethylene and propylene are feedstocks for producing PE and polypropylene (PP).

According to MRC's DataScope report, PE imports to Russia decreased in January-November 2020 by 17% year on year and reached 569,900 tonnes. High density polyethylene (HDPE) accounted for the greatest reduction in imports. At the same time, PP imports into Russia increased by 21% year on year to about 202,000 tonnes in the first eleven months of 2020. Propylene homopolymer (homopolymer PP) accounted for the main increase in imports.

Headquartered in San Ramon, California, Chevron Corporation is the the second-largest integrated energy company in the United States and among the largest corporations in the world. Chevron is involved in upstream activities including exploration and production, downstream activities including refining, marketing and transportation, and advanced energy technology. Chevron is also invested in power generation and gasification processes.


mrcplast.com
Author:Anna Larionova
Tags:petroleum products, crude oil, PP, PE, Chevron, Chevron Phillips, USA.
Category:General News
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