President and CEO Mark Lashier spoke with Houston Business Journal on plans to grow Chevron Phillips Chemical's asset fleet alongside Qatar Petroleum. Lashier outlined the strengths behind the company's historic ties with Qatar Petroleum and the strategic rationale behind the joint development of petrochemical assets in the U.S. Gulf Coast
. Both companies share mutual interest in portfolio growth, he explained, a strategy focused on investing in regions with abundant and competitively priced feedstocks, traits which the U.S. Gulf Coast and Qatar share.
Lashier said of the decision to pursue two joint projects with Qatar Petroleum: 'Certainly, it reduced the capital that we would be placing on the one specific project. It allowed us to free up capital to put in the project in Qatar and other projects - smaller projects within our own portfolio. These two projects really provided a good spread of risk.'