ChevronPhillips, Olefins refining facilities in Baytown, Texas.
The Houston area has long been known as a major hub of the petrochemical and fossil fuel industry. As upstream profits in oil and gas production have declined, the fossil fuel industry has increasingly invested in petrochemical divisions as a potential bright spot, citing low price ethane feedstocks generated from the US fracking boom and increased demand for single-use plastics in the consumer goods sector.