Chevron Phillips Chemical Company LLC (CP Chem) and Qatar Petroleum (QP) announced plans on 9 July 2019 to jointly develop a US Gulf Coast petrochemical project. The project, named US Gulf Coast II Petrochemical Project (USGC II), will include a 2,000 ktpa ethylene cracker and two 1,000 KTA high-density polyethylene units. The targeted start-up date is 2024. The cracker will utilize ethane and will be located in the USGC to access the region’s growing ethane supply. The announcement comes on the heels of a previous announcement by the duo on 24 June 2019 to build a similarly-sized ethylene and HDPE complex in Qatar. For further insight on ethylene assets around the world, navigate to the ethylene asset cost tool - The ethylene asset cost tool enables the user to view detailed asset level commercial information on the ethylene industry. It combines Wood Mackenzie's leading analysis from NGL, refining, coal and chemical services.