Start up the second normal alpha olefins unit in Old Ocean, Texas
Delivered by the deadline
AI-confirmed · human review in progress Independent AI checks agreed on primary SEC or regulator evidence. Records are now being reviewed by hand, starting with those our customers order.
- Announced
- 28 Jan 2022
- Due
- 31 Dec 2023
- Deadline
- Met
- Late
- Not met
- Today
What the company said
“The 586 million pounds per year unit will be located in Old Ocean, Texas. The project will utilize CPChem’s proprietary technology and startup is expected in 2023.”
What we found
Evidence strength A What the grades mean
The 2024 10-K says CPChem completed construction and began operations of a 585 million pounds per year 1-hexene unit in Old Ocean, Texas during 2023, within the stated deadline year.
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A Phillips 66 10-K filed 2024-02-21
“During 2023, CPChem completed construction and began operations of a 585 million pounds per year 1-hexene unit in Old Ocean, Texas.” ✓ confirmed on the page
Market reaction: the shares moved +2.0% against the S&P 500 over the three sessions around the disclosure (20 Feb 2024 to 23 Feb 2024). What this measures
Checked 15 Oct 2026.
Commitment DNA
The structured record of this commitment. Fields the company did not state are left blank rather than guessed.
- Event type
- Facility other
- Indicative materiality
- Medium rules
- Action
- Start
- Deliverable
- normal alpha olefins unit
- Target
- 586 million pounds per year
- Where
- Texas
- Language
- Expected (“expects”, “plans”)
- In the company’s control
- High
- Specificity
- High
How this entry was checked
- Commitment recordedThe company's words were matched word for word against the filing.
- First checkAn AI model, Claude (Anthropic), read the company's later filings and recorded the outcome with a quoted passage.
- Second check: agreesA different AI model, Gemini (Google), re-read the evidence without being told the outcome and reached the same answer.
Confirmed. This outcome counts towards the company's Kept Score. How verification works
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Report an error in this entry Reference: KI-C-2022-PSX-010195 · Corrections policy