Chevron Phillips Chemical Co., a joint venture of Chevron Corp. and refiner Phillips 66, is considering a second “megaproject” in the U.S. that would take advantage of low natural gas prices for making plastics and other materials.
“We are certainly looking seriously about the possibility of another project in the U.S.,” Chief Executive Officer Peter Cella said Tuesday. “This is the right time to get serious about the next project.”
