Chevron Phillips Chemical has acquired permits from the Texas Commission on Environmental Quality to proceed with its $5 billion petrochemicals expansion on the U.S. Gulf Coast. The permits are for two polyethylene facilities in Old Ocean and an ethane cracker in Baytown. The projects allow CPChem to be "in the first mover position leading the way as the U.S. petrochemical industry announces significant expansions of capacity as a result of shale resource development," said Ron Corn, the company's vice president of corporate planning and development.

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