Chevron Phillips Chemical Company

Chevron Phillips Chemical Company LLC is a leading manufacturer and marketer of petrochemicals and plastics, operating globally to produce essential chemical products that serve various industries. The company specializes in the production of olefins, polyolefins, ethylene, propylene, and their co-products, which are integral to the creation of polyethylene and other plastics. Additionally, it offers a diverse range of specialty chemicals, including organosulfur compounds, solvents, and catalysts, along with aromatics and styrenics such as benzene and polystyrene. Established in 2000 and headquartered in The Woodlands, Texas, Chevron Phillips Chemical is a joint venture between Phillips 66 Limited and Chevron U.S.A. Inc. The company operates 34 production facilities and 36 manufacturing and research centers across multiple countries, including the United States, Colombia, Singapore, China, South Korea, Saudi Arabia, Qatar, and Belgium, contributing to the production of over 70,000 consumer and industrial products.

Steve Prusak

CEO and President

Benny Mermans

Vice President of Sustainability

2 past transactions

Alterra Energy

Venture Round in 2024
Alterra Energy is an innovative chemical recycling technology company. Alterra Energy engages in developing and commercializing continuous recycling technology, which transforms waste plastic into petrochemical products.

Nexus Circular

Corporate Round in 2021
Nexus Circular is an advanced recycling company focused on converting landfill-bound plastics into high-quality, sustainable materials. The company employs innovative technology to process a wide range of hard-to-recycle plastics, including both rigid and film types. By transforming these materials, Nexus Circular supplies ISCC Plus certified products to petrochemical companies, which can then be used to produce virgin-quality plastics. This process not only diverts plastics from landfills but also helps clients meet their sustainability goals by displacing fossil-based materials with circular alternatives.
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