Energy QatarEnergy begins construction of $8.5bn polymers plant in US By Pramod Kumar March 10, 2023 QatarEnergy Executives of QatarEnergy and Chevron Phillips Chemical Corporation break ground on the Golden Triangle polymers plant in Texas, US State-owned QatarEnergy and Chevron Phillips Chemical Company have broken ground on the $8.5 billion Golden Triangle polymers plant in Orange County, Texas, US. Located about 180 km east of Houston, the plant will include an ethylene cracker unit with a capacity of 2.08 million tons per annum and two high-density polyethylene units with a combined capacity of two million tons per annum, QatarEnergy said in a statement. The plant is expected to startup in 2026. It will be owned by Golden Triangle Polymers Company LLC, a joint venture in which QatarEnergy holds a 49 percent equity interest, with 51 percent held by Chevron Phillips. Ahmad Saeed Al-Amoodi, QatarEnergy’s executive vice president, surface development and sustainability, said: “We are investing $8.5 billion to build this world-scale facility, which is QatarEnergy’s second largest investment in the US after the more than $11 billion investment in the Golden Pass LNG production and export facility, which is currently under construction in Sabine Pass, Texas.” Last week QatarEnergy announced a third oil discovery with its partners, Namibia’s oil major Namcor and Shell, in the Jonker-1X deepwater exploration well, in the Orange Basin offshore southern Namibia. In February, the Lebanese energy ministry said that QatarEnergy will join TotalEnergies and Eni in a three-way consortium to explore oil and gas in two maritime blocks off the coast of Lebanon.