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On July 1, 2000, Chevron Corporation and Phillips Petroleum Company, now ConocoPhillips, combined their worldwide petrochemical businesses, excluding Chevron oronite additives business, to form Chevron Phillips Chemical Company LLC. Chevron and ConocoPhillips each own 50 percent of Chevron Phillips Chemical.Chevron Phillips Chemical is one of the world抯 top producers of olefins and polyolefins and a leading supplier of aromatics, alpha olefins, styrenics, specialty chemicals, piping, and proprietary plastics. Chevron Phillips Chemical produces chemical products that are essential to manufacturing over 70,000 consumer and industrial products. Chevron Phillips Chemical has approximately $7 billion in assets. Chevron Phillips Chemical, with its joint venture partners, operates 42 production and research facilities worldwide. Chevron Phillips Chemical is headquartered in The Woodlands, Texas (north of Houston). Chevron Phillips Chemical has over 5,000 employees worldwide. FacilitiesChevron Phillips Chemical, with its joint venture partners, currently has 36 production facilities located in the United States, Puerto Rico, Colombia, Brazil, Singapore, China, South Korea, Saudi Arabia, Qatar and Belgium. Significant Projects Inauguration of the first of three planned world-scale plants in Qatar. Expansion of the Al Jubail, Saudi Arabia aromatics complex will create one of the largest styrene facilities in the world. Built the largest loop slurry high-density polyethylene plant in the world at the Cedar Bayou, Texas complex in conjunction with BP Solvay. St. James, LA styrene plant completed a multi-million dollar capacity increase and modernization. Expansion of cyclohexane capacity at Port Arthur, Texas plant.Research & Technology Chevron Phillips Chemical has six research, technology and quality control centers worldwide.These facilities provide full-scale petrochemical and polymer research including new catalyst development, product and process development, and commercial process support.Chevron Phillips Chemical employs more than 330 scientists, researchers, and engineers in its research facilities. Facilities conduct a full range of research activities, including laboratory/bench and pilot scale experimentation, analytical and mechanical testing, patent support, and technical and service support for customers worldwide. Chevron Phillips Chemical抯 state-of-the-art plastics technical centers are equipped with the latest processing and testing technology for molding and extruding of polymer and copolymer resins. Chevron Phillips Chemical currently holds more than 2,850 domestic and international patents and patent applications. Chevron Phillips Chemical抯 loop slurry process for HDPE production is one of the most widely licensed processes in the world with more than 85 commercial reactor facilities utilizing this technology.Centers:Bartlesville Research and Technology Center - Bartlesville, Oklahoma Kingwood Technology Center - Kingwood, Texas Marietta Technology and Research - Marietta, Ohio Orange Technology Center ?Orange, Texas Plastics Compounding and Development Center ?Singapore Tessenderlo Quality Control Lab ?Tessenderlo, Belgium Business Units Chevron Phillips Chemical抯 product offerings are divided into three business units. Click here for our products diagram. The following charts provide a breakdown of Chevron Phillips Chemical's assets and sales by business unit: