Chevron Phillips names potential spot for new $5.8B petrochemical project

SourceHouston Chronicle
Date Published02/21/2019
Author NameMarissa Luck
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Chevron Phillips Chemical Company
Parent companyChevron Corporation / Phillips 66
Type of work Manufacturing
Reshoring category:Reshoring
Year reshoring announced:2018
Year reshoring implemented or to be implemented:2024
Capital investment ($):5,800
City reshored to:Orange
State(s) reshored to:TX
If relevant, work nearshored to:-
Product(s) reshoredethylene
What non-domestic negative factors made offshoring less attractive?Other, chem update
What domestic positive factors made reshoring more attractive?Eco-system synergies, Government Incentives, U.S. price of natural gas/chemicals/electricity, Other, import replacement; expand capacity
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