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CP Chem Cedar Bayou in start-up, some units online end-Nov
HOUSTON, October 27, 2017 (PCW) – Chevron Phillips’ Cedar Bayou facility is in a “phased start-up” mode, Phillips 66 CEO Greg Garland said Friday. Some units are expected back online by the end of November, he added.
The facility was shut during Hurricane Harvey and incurred some of the worst damage inflicted on any Gulf Coast petrochemicals site seen due to the storm. Garland said the site received some 60 inches of rain and saw as much as eight feet of water in some parts of the facility.
The site includes a 1.84 billion lbs/yr olefins unit and 2.18 billion lbs/yr of PE capacity.
Hurricane Harvey has also delayed CP Chem’s new 3.3 billion lbs/yr cracker at the location. Garland said the hurricane required some repairs on instruments and motors at the new cracker. Commissioning is now expected to begin in 1Q 2018, a delay from the end-2017 time frame provided prior to the storm.
P66 on Friday reported 3Q net income of $858 million, down from $1.72 billion in the year-ago period. The decline was due to lower margins and volumes from chemicals, as well as downtime associated with Harvey. -- Samantha Hartke