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

President and CEO

Benny Mermans

Vice President of Sustainability

2 past transactions

Alterra Energy

Venture Round in 2024
Alterra Energy is a chemical recycling technology company focused on addressing the challenges of plastic waste management. The company has developed a continuous recycling technology that utilizes a thermochemical liquefaction process to convert waste plastics into valuable petrochemical products. This innovative approach aims to reduce reliance on landfilling, incineration, or exporting plastic waste, enabling the refinement of plastics into fuels, waxes, and raw materials for new plastic production. By advancing these technologies, Alterra Energy contributes to a more sustainable and circular economy.

Nexus Circular

Corporate Round in 2021
Nexus Circular develops advanced plastic recycling technology that converts used and hard-to-recycle plastics, diverted from landfills, into high-quality circular materials. These materials are supplied to petrochemical companies to produce virgin-quality plastics from recycled inputs, supporting sustainability commitments and a closed-loop economy, with ISCC Plus certification validating its sustainability credentials.
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