Chevron Phillips Chemical Co., Houston, and Solvay Polymers Inc., Brussels, constructed a new 700 million lb/yr high-density polyethylene (HDPE) plant at Chevron Phillips' Baytown, TX, facility. Each will own 50% of the plant and share its production of general-purpose blow molding HDPE resins, but they will market their share of production independently.

Engineering and procurement for the facility is underway with official startup expected to begin for the fourth quarter of 2002. The companies plan to build a second shared facility in the 2005 to 2007 time frame.