Chevron Phillips Chemical may build a steam cracker and at least one derivative unit in far southeastern Texas, according to documents filed with the Texas Comptroller’s office. Receive daily email alerts, subscriber notes & personalize your experience. Register Now The company is evaluating whether to buy a 1,700-acre project site near Orange, Texas, as the location for a cracker, one or more derivative units, administrative buildings, utility and logistics infrastructure and other improvements necessary to operate the production facilities, according to the documents. The complex is estimated to cost about $5.8 billion. The company did not reveal capacities for the plants or further details in the documents, which are applications for property tax breaks from school districts. Such requests are common as companies seek economic advantages when evaluating potential locations for new projects. “The impact of property taxes on the economic return is a major factor in […]