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S-Chem: World-Class Operations in the Kingdom of Saudi Arabia

Chevron Phillips Chemical Company LLC, through a wholly-owned affiliate (Arabian Chevron Phillips Petrochemical Company Ltd.), has joint venture projects with the Saudi Industrial Investment Group (SIIG) in the Eastern Province industrial city of Al-Jubail, Saudi Arabia: Saudi Chevron Phillips Company (SCP), Jubail Chevron Phillips Company (JCP) and Saudi Polymers Company (SPCo). Collectively, these projects are known as S-Chem.

SCP began operations in December 1999 and produces benzene, cyclohexane and gasoline blendstocks. The facility’s performance in environmental excellence has been recognized by the Royal Commission of Jubail as a past recipient of the Royal Commission Environmental Award among primary industries. SCP was also the first private sector investment in the Kingdom of Saudi Arabia’s petrochemical industry. The facility is owned 50 percent by Arabian Chevron Phillips Petrochemical Company Ltd. and 50 percent by the Saudi Industrial Investment Group.

JCP is another Saudi project located in the Eastern Province city of Al-Jubail. This facility produces benzene, ethylbenzene, styrene, and propylene, and began commercial production during the second half of 2008. JCP is owned 50 percent by Arabian Chevron Phillips Petrochemical Company Ltd. and 50 percent by the Saudi Industrial Investment Group.

SPCo is currently developing and constructing the NCP project. The NCP project represents the next major strategic investment to build on successes thus far in the region.

Once complete, Saudi Polymers’ NCP project will include a world-class olefins cracker and will produce ethylene, propylene, polyethylene, polypropylene, polystyrene and 1-hexene. SPCo began construction in January 2008, with mechanical completion expected in early 2011. Commercial production is scheduled to begin in 4th Quarter 2011.

Saudi Polymers Company is a limited liability company incorporated in the Kingdom of Saudi Arabia that will initially be owned 50 percent by Arabian Chevron Phillips Petrochemical Company Limited (ACP), a wholly-owned subsidiary of Chevron Phillips Chemical Company LLC, and 50 percent by Saudi Industrial Investment Group (SIIG). Saudi Polymers Company will ultimately be owned 35 percent by ACP and 65 percent by National Petrochemical Company (Petrochem), a new joint-stock company incorporated in the Kingdom of Saudi Arabia.

Chevron Phillips Chemical and SIIG have also begun work on a polyamides project to be developed in Al Jubail, which would produce polyamides for specialty markets.

Taken together, S-Chem’s cutting edge projects represent the region’s most exciting opportunities for new careers and career advancement.

As an industry leader, we are committed to promoting economic growth in a safe, secure and environmentally responsible manner.


About Chevron Phillips Chemical Company LLC

Chevron Phillips Chemical Company LLC is one of the world’s top producers of olefins and polyolefins and a leading supplier of aromatics, alpha olefins, styrenics, specialty chemicals, plastic piping and polymer resins. The LLC and its affiliates own over $6 billion in assets and employ over 4,500 people at 37 research and manufacturing facilities in nine countries. Chevron Phillips Chemical Company LLC is equally owned by Chevron Corporation and ConocoPhillips, and is headquartered in The Woodlands, Texas. For more information about Chevron Phillips Chemical, visit www.cpchem.com.

About SIIG

Saudi Industrial Investment Group is a publicly traded Saudi petrochemical investment company originally founded by the late Sheikh Ahmad Juffali in 1985. For more information about Saudi Industrial Investment Group, visit www.siig.com.sa

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