BAYTOWN, Texas — Chevron Phillips Chemical executives gathered Wednesday in Baytown, Texas, for a ceremonial groundbreaking of the company’s new 1-hexene plant, the first new facility for Chevron Phillips Chemical in the Gulf Coast area since 2003, the Houston Chronicle reported.
The plant will use ethylene to create 1-hexene, an essential ingredient for a range of plastic products.
The company plans to hire 1,000 workers to build the plant, which is expected to be online in early 2014.
"The facility that we are groundbreaking is an outcome of this new natural gas resource base," said Pete Cella, CEO of Chevron Phillips Chemical. "Five years ago, the expectation was that the U.S. would become a net importer of ethylene. Now we are expecting that we will not only meet U.S. demand domestically, but will become a major exporter."
READ MORE: Chevron Phillips Chemical to build world’s largest on-purpose 1-Hexene plant