Chevron Phillips Chemical

Databricks Launches Data Intelligence Platform for Energy, Bringing Generative AI Capabilities to the Energy Sector

Retrieved on: 
Tuesday, April 9, 2024
Knowledge, CONNECT, Seeq, Octopus Energy, Energy market, Databricks, Organization, Wind, Carbon, LLM, BKO, IP, Catalog, TotalEnergies, AVEVA, Chevron Phillips Chemical, Partner, AMI, Australian Energy Market Operator, Data analysis, Internet of things, Risk, SAN, SVP, Smart meter, Anomaly, Utility, Energy, Privacy, Weather, Shell, AEMO, Digital, Industrial internet of things, Blog, AI, Architecture, Machine learning, Knowledge base, Forecasting, Growth, Transport, Natural Resources, IDEA, Digital twin, ETL, Ecosystem, Renewable energy

SAN FRANCISCO, April 9, 2024 /PRNewswire/ -- Databricks, the Data and AI company, today announced the Data Intelligence Platform for Energy, a unified platform bringing the power of AI to data and people across the energy sector. Built on an open lakehouse architecture, Databricks' Data Intelligence Platform for Energy enables enterprises to harness vast streams of energy data and develop generative AI applications without sacrificing data privacy or their confidential IP. Energy leaders gain a holistic view into their operations in real time to preemptively address maintenance needs, reduce unplanned downtime, accurately forecast energy generation, and take action for a more efficient, sustainable future.

Key Points: 
  • New Databricks offering provides pre-built accelerators, marketplace solutions, and an ecosystem of partner capabilities tailored to organizations across the energy industry
    SAN FRANCISCO, April 9, 2024 /PRNewswire/ -- Databricks , the Data and AI company, today announced the Data Intelligence Platform for Energy, a unified platform bringing the power of AI to data and people across the energy sector.
  • Built on an open lakehouse architecture, Databricks' Data Intelligence Platform for Energy enables enterprises to harness vast streams of energy data and develop generative AI applications without sacrificing data privacy or their confidential IP.
  • Databricks' Data Intelligence Platform for Energy plays a key role in this, allowing us to process and analyze large data sets generated by smart meters," said David Sykes, Head of Data at Octopus Energy.
  • For more information about the Data Intelligence Platform for Energy, read the Databricks blog or visit Databricks' Energy Industry homepage .

Databricks Launches Data Intelligence Platform for Energy, Bringing Generative AI Capabilities to the Energy Sector

Retrieved on: 
Tuesday, April 9, 2024
Knowledge, CONNECT, Seeq, Octopus Energy, Energy market, Databricks, Organization, Wind, Carbon, LLM, BKO, IP, Catalog, TotalEnergies, AVEVA, Chevron Phillips Chemical, Partner, AMI, Australian Energy Market Operator, Data analysis, Internet of things, Risk, SAN, SVP, Smart meter, Anomaly, Utility, Energy, Privacy, Weather, Shell, AEMO, Digital, Industrial internet of things, Blog, AI, Architecture, Machine learning, Knowledge base, Forecasting, Growth, Transport, Natural Resources, IDEA, Digital twin, ETL, Ecosystem, Renewable energy

SAN FRANCISCO, April 9, 2024 /PRNewswire/ -- Databricks, the Data and AI company, today announced the Data Intelligence Platform for Energy, a unified platform bringing the power of AI to data and people across the energy sector. Built on an open lakehouse architecture, Databricks' Data Intelligence Platform for Energy enables enterprises to harness vast streams of energy data and develop generative AI applications without sacrificing data privacy or their confidential IP. Energy leaders gain a holistic view into their operations in real time to preemptively address maintenance needs, reduce unplanned downtime, accurately forecast energy generation, and take action for a more efficient, sustainable future.

Key Points: 
  • New Databricks offering provides pre-built accelerators, marketplace solutions, and an ecosystem of partner capabilities tailored to organizations across the energy industry
    SAN FRANCISCO, April 9, 2024 /PRNewswire/ -- Databricks , the Data and AI company, today announced the Data Intelligence Platform for Energy, a unified platform bringing the power of AI to data and people across the energy sector.
  • Built on an open lakehouse architecture, Databricks' Data Intelligence Platform for Energy enables enterprises to harness vast streams of energy data and develop generative AI applications without sacrificing data privacy or their confidential IP.
  • Databricks' Data Intelligence Platform for Energy plays a key role in this, allowing us to process and analyze large data sets generated by smart meters," said David Sykes, Head of Data at Octopus Energy.
  • For more information about the Data Intelligence Platform for Energy, read the Databricks blog or visit Databricks' Energy Industry homepage .

QatarEnergy, CPChem celebrate construction start for Ras Laffan Petrochemicals Project

Retrieved on: 
Monday, February 19, 2024
Chemicals, Plastics, Other Energy, Other Construction & Property, Oil, Gas, Manufacturing, Energy, Construction & Property, Engineering, KTA, QatarEnergy, Phillips 66, Polymer, Chevron Phillips Chemical, Food, Emir, Natural gas

QatarEnergy and Chevron Phillips Chemical today celebrated the commencement of construction of a $6 billion integrated polymers complex in Ras Laffan Industrial City, Qatar.

Key Points: 
  • QatarEnergy and Chevron Phillips Chemical today celebrated the commencement of construction of a $6 billion integrated polymers complex in Ras Laffan Industrial City, Qatar.
  • Executives from QatarEnergy, CPChem and its owner companies, Chevron U.S.A. Inc. and Phillips 66 Company, attended the ceremony.
  • CPChem is providing project management services to oversee the engineering, procurement and construction of the facility.
  • CPChem and QatarEnergy successfully operate three joint ventures in Qatar – Qatar Chemical Company Ltd., Qatar Chemical Company II Ltd. and Ras Laffan Olefins Company.

Chevron Phillips Chemical names Steve Prusak President and Chief Executive Officer

Retrieved on: 
Thursday, February 8, 2024
Chemicals, Plastics, Other Energy, Oil, Gas, Manufacturing, Energy, Other Manufacturing, Plastic, Carbon, Plant, University, Smith, BASF, Chevron Phillips Chemical, TotalEnergies, Polymer, Prusak, Multimedia, Engineering, Chemical engineering, MBA, Phillips 66, Research, Chemical industry, Management

Chevron Phillips Chemical announced today that Steve Prusak, currently senior vice president, corporate planning and technology, will become president and chief executive officer, effective March 1, 2024.

Key Points: 
  • Chevron Phillips Chemical announced today that Steve Prusak, currently senior vice president, corporate planning and technology, will become president and chief executive officer, effective March 1, 2024.
  • Current president and chief executive officer, Bruce Chinn, will retire after more than 40 years in the energy industry.
  • View the full release here: https://www.businesswire.com/news/home/20240208061212/en/
    Current CPChem president and chief executive officer, Bruce Chinn, will retire after more than 40 years in the energy industry.
  • Justine Smith, currently senior vice president, petrochemicals, will become executive vice president, commercial, assuming additional responsibility for the polymers and specialties businesses.

American Institute of Chemical Engineers Honors Organizations and Leaders for Empowering Possibilities

Retrieved on: 
Monday, December 11, 2023
Workforce, Senior, Hansjörg Wyss, Bionics, Corporate communication, Chevron Phillips Chemical, Chemical engineering, Atmosphere of Earth, Research, System, Dow, Chemistry, Multiple sclerosis, American Institute, Diabetes, AdvanSix, Engineering, ExxonMobil, Honeywell, Cancer, Air Products, Bioinspiration, Gala, Medicine, Chemical industry, Partnership, Corporation, Biological engineering, Harvard University, Management

NEW YORK, Dec. 11, 2023 (GLOBE NEWSWIRE) -- The American Institute of Chemical Engineers (AIChE) celebrated the contributions of the companies and the leaders of AdvanSix Inc. and Air Products, and showcased the good works of chemical engineers and their employers, at the 2023 AIChE Gala, held December 7 in New York City.

Key Points: 
  • NEW YORK, Dec. 11, 2023 (GLOBE NEWSWIRE) -- The American Institute of Chemical Engineers (AIChE) celebrated the contributions of the companies and the leaders of AdvanSix Inc. and Air Products, and showcased the good works of chemical engineers and their employers, at the 2023 AIChE Gala, held December 7 in New York City.
  • The award for AdvanSix was accepted by Erin Kane, the company’s President and Chief Executive Officer.
  • In accepting the award at the gala, Kane shared “AdvanSix is grounded in our focus on good chemistry.
  • Mitragotri thanked the AIChE foundation for recognizing drug delivery as a prominent contribution of chemical engineers to the field of medicine.

Chevron Announces $16 billion 2024 Capex Budget

Retrieved on: 
Wednesday, December 6, 2023
Environment, Oil, Gas, Sustainability, Alternative Energy, Green Technology, Energy, Permian, Sale, Chevron Phillips Chemical, Acquisition, Hydrogen, Investment, Corporation, Marketing, Lubricant, Petroleum, Gulf of Mexico, News, Government, Hamas, Pandemic, Form, Coronavirus, Communication, Failure, Curtailment (electricity), Risk, Epidemic, Weather, Hess Corporation, Natural gas, Prospectus, Organization, Carbon, NYSE, Annual report, Tax, CVX, COVID-19, Chevron Corporation, Accident, Legislation, HESS, Renewable energy, Anchor

Chevron Corporation (NYSE: CVX) today announced an expected organic capital expenditure range of $15.5 to $16.5 billion for consolidated subsidiaries (capex) and an affiliate capital expenditure (affiliate capex) budget of approximately $3 billion for 2024.

Key Points: 
  • Chevron Corporation (NYSE: CVX) today announced an expected organic capital expenditure range of $15.5 to $16.5 billion for consolidated subsidiaries (capex) and an affiliate capital expenditure (affiliate capex) budget of approximately $3 billion for 2024.
  • Downstream capex is expected to be roughly $1.5 billion, with 80 percent allocated to the United States.
  • Included in the upstream and downstream budgets is approximately $2 billion in lower carbon capex to lower the carbon intensity of traditional operations and grow new energy business lines.
  • Following closing of the acquisition, Chevron’s annual capex budget is expected to be between $19 and $22 billion.

CPChem, QatarEnergy finalize financing on Ras Laffan, Qatar, petrochemicals project

Retrieved on: 
Monday, October 9, 2023
Oil, Gas, Manufacturing, Energy, Other Energy, Chemicals, Plastics, Food, Islam, Polymer, QatarEnergy, Texas Gulf Coast, Chevron Phillips Chemical, Natural gas, Chemical, Finance

Ras Laffan Petrochemicals, a joint venture company owned 30% by Chevron Phillips Chemical and 70% by QatarEnergy, today announced that it has secured $4.4 billion to finance an integrated polymers facility to be located in Ras Laffan Industrial City, Qatar.

Key Points: 
  • Ras Laffan Petrochemicals, a joint venture company owned 30% by Chevron Phillips Chemical and 70% by QatarEnergy, today announced that it has secured $4.4 billion to finance an integrated polymers facility to be located in Ras Laffan Industrial City, Qatar.
  • The project financing comprises commercial and Islamic lenders and a group of export credit agencies.
  • “CPChem very much appreciates the support of the export credit agencies and financial institutions that are participating in the financing of this project,” said Darren Ercolani, CPChem Senior Vice President, Finance, and Chief Financial Officer.
  • CPChem and QatarEnergy reached positive final investment decision for the Ras Laffan Petrochemicals project in January 2023, and startup of the facility is expected in late 2026.

Danimer Scientific and Chevron Phillips Chemical Expand Collaboration to Include Application Development for Rinnovo™ Polymers

Retrieved on: 
Wednesday, September 20, 2023
Technology, Manufacturing, Other Energy, Other Science, Other Technology, Research, Packaging, Environment, Energy, Science, Chemicals, Plastics, Plastic, Chevron Phillips Chemical, DNMR, Phillips, Lactone, Phillips 66, NYSE, Fine chemical, Danimer Scientific

Rinnovo™ is a type of polyhydroxyalkanoate (“PHA”) synthesized from lactones produced using Danimer’s proprietary Novo22™ catalyst technology, which can be used in the production of biodegradable alternatives to traditional plastics.

Key Points: 
  • Rinnovo™ is a type of polyhydroxyalkanoate (“PHA”) synthesized from lactones produced using Danimer’s proprietary Novo22™ catalyst technology, which can be used in the production of biodegradable alternatives to traditional plastics.
  • The collaboration expands on Danimer and CPChem’s previously announced agreement, in which Danimer is evaluating the use of CPChem’s loop slurry reactor design to develop a continuous reactor system in the manufacturing process for Rinnovo™.
  • Stephen E. Croskrey, chief executive officer of Danimer, said, “Our business relationship with CPChem continues to yield results, and we’re excited for the further opportunities that lie ahead.
  • Additionally, the facility’s testing and analytical capabilities provide a more rapid feedback loop, accelerating the development and optimization of resin formulations.

Seeq Announces Partnership with Databricks to Accelerate IT-OT Data Convergence Across the Enterprise

Retrieved on: 
Monday, August 28, 2023
OT, Industrial internet of things, Communication, Partnership, Internet of things, Organization, Machine learning, Chevron Phillips Chemical, Seeq Corporation, Ecosystem, AI, Data Analytics Library, Safety, Data science, Databricks, Seeq

SEATTLE, Aug. 28, 2023 /PRNewswire/ -- Seeq Corporation, a leader in advanced analytics for manufacturing, today announced a partnership with Databricks, the data and AI company, that brings a native integration between each company's platform to simplify access to high quality asset and process data, unify IT and OT data processing and accelerate AI/ML adoption across the industrial manufacturing, pharmaceuticals, chemicals and energy sectors. 

Key Points: 
  • Databricks customers can now take advantage of Seeq's extensive connectivity to time series data sources and power a wide range of analytical use cases across the enterprise.
  • For petrochemical manufacturer Chevron Phillips Chemical Company, the Seeq and Databricks integration accelerated the company's ability to scale data science and machine learning efforts across multiple digital initiatives involving process and laboratory data.
  • Brent Railey, Chief Data & Analytics Officer of Chevron Phillips Chemical Company comments, "We are very excited about this partnership, as it will be mutually beneficial for Databricks, Seeq, and their shared customers.
  • Seeq can bring data to Databricks for complementary analytic purposes within Databricks.

Nexus Circular CEO Jodie Morgan to receive 2023 ICIS Emerging Leader Award

Retrieved on: 
Tuesday, August 8, 2023
Nexus, Shell, Plastic, PS, Chevron Phillips Chemical, Polymer, LyondellBasell, Recycling, ICIS, ISCC, PP, LDPE, Morgan, Growth, Ecosystem, HDPE, Environment, Conference, Cox Enterprises

LONDON and NEW YORK, Aug. 8, 2023 /PRNewswire/ -- ICIS is pleased to announce Jodie Morgan, CEO of Nexus Circular, as the winner of the 2023 ICIS Emerging Leader Award.

Key Points: 
  • LONDON and NEW YORK, Aug. 8, 2023 /PRNewswire/ -- ICIS is pleased to announce Jodie Morgan, CEO of Nexus Circular, as the winner of the 2023 ICIS Emerging Leader Award.
  • The award recognises a leader whose early contribution has driven excellence within their organisation, demonstrating strong leadership and making meaningful contributions to the chemical sector.
  • "We are leading the advanced recycling industry, making a positive impact addressing the challenges of used plastics in our environment," said Jodie Morgan, CEO of Nexus Circular.
  • Morgan will receive the ICIS Emerging Leader Award later this year and appear in a video interview with ICIS following the ICIS Recycled Polymers Conference in Chicago, Illinois, US taking place from 7-8 November.