At World Petrochemical Conference 2024, CPChem President and CEO Bruce Chinn to receive Chemical Marketing & Economics STEM Leadership Award for Propelling Diverse Talent
Distinguished nonprofit recognizes CPChem’s leadership in advancing STEM in the chemical industry
Houston, TX and Morristown, NJ – February 15, 2024 – Chemical Marketing & Economics, Inc. (CME) and S&P Global Commodity Insights today announced that Bruce Chinn, retiring president and chief executive officer at Chevron Phillips Chemical (CPChem), will be the recipient of the CME STEM Leadership Award™ for Propelling Diverse Talent. Chinn will be honored at the S&P Global Commodity Insights’ World Petrochemical Conference (WPC) in Houston, Texas, on March 19, 2024.
CPChem was established in July 2000 as a joint venture between Chevron U.S.A. Inc. and Phillips 66 Company, combining the chemicals operations of both companies. CPChem’s business relies on STEM innovation driven by employees with diverse backgrounds, experience levels, talents, perspectives and decision-making styles.
Since 2017, CPChem has sponsored CME’s award-winning NASA Symposium and other impactful STEM innovation programs for over 50,000 diverse students. In 2020, CPChem was among the first companies to support the Future of STEM Scholars Initiative (FOSSI) to help students pursue STEM degrees at Historically Black Colleges and Universities and has pledged more than $1.4 million to FOSSI to date. More than $40 million in FOSSI scholarships have been raised across the industry to support over 600 students.
“Bruce Chinn’s leadership in promoting diverse STEM talent and enabling them to pursue their professional dreams has contributed to CPChem’s strong company culture and drive toward excellence in all facets of the business,” CME Co-Chair Ksenia Takhistova stated.
“Bruce has helped reshape the STEM student support at professional associations and collaborated with employees and communities to invest in economic development and education opportunities that support the company’s sustainability strategy,” CME Co-Chair Steve Barnett noted.
“I congratulate Bruce for leading CPChem’s drive to expand the diversity of the STEM talent pool and accelerate the materials and energy transition,” S&P Global Commodity Insights Senior Vice President Mark Eramo stated.
“It is my privilege to receive CME’s recognition of CPChem’s support of STEM programs. We believe that industry plays a central role in supporting programs like those of CME, NASA and FOSSI that enable diverse STEM talent to be ready for the jobs of today and tomorrow. Our investment in STEM education boosts sustainable manufacturing, business performance, environmental stewardship and economic growth. We deeply appreciate S&P Global Commodity Insights collaboration with CME at WPC to inspire diverse STEM leadership for sustainable innovation,” Chinn said.
Bruce Chinn will retire from his position as president and chief executive officer of CPChem at the end of February. CPChem is a global petrochemical joint venture with a top-quartile safety record and 2022 revenue of more than $14 billion. Chinn has more than 40 years of industry experience. Before leading CPChem, he served as the president for Chevron Chemicals, overseeing its Oronite business. He was also part of the board of directors at CPChem alongside fellow executive representatives for company owners Chevron U.S.A. Inc. and Phillips 66 Company.
Chinn began his career at DuPont, where he held positions of increasing responsibility in manufacturing, technical, commercial and business leadership at the U.S. and international level. He first joined Chevron in 2006, where he held several executive roles in refining for the company’s operations in Venezuela, Richmond, Calif., and Pascagoula, Miss. He is a member of the board of directors for WM, North America’s leading provider of comprehensive environmental solutions. Chinn has also served in top executive functions across several prominent organizations, including as board director and executive committee member of the American Chemistry Council and member of the Executive Leadership Council. Chinn holds a bachelor’s in chemical engineering from Texas A&M University.
About CME STEM Leadership Awards™
Established in 2012 by George Rodriguez, the CME STEM Leadership Awards™ are the highest honors given to outstanding leaders in various sectors of chemical industry and the society for harnessing the transformative power of chemistry to advance humanity. This award-winning event is dedicated to the progress of science, technology, engineering and mathematics (STEM) programs. Past honorees include Ken Frazer (Merck), Seifi Ghasemi (Air Products), Jim Fitterling (Dow), and Nobel Laureates Frances Arnold, Barry Sharpless, and Sir Fraser Stoddart. Leaders in industry, finance, philanthropy and academia help advance CME’s exciting STEM programs, including free student industry luncheons, CME Student & Mentor Awards™, Space Chemistry Roadmap, and STEM Festivals. They also support CME’s trailblazing signature events, such as the CME NASA Symposium and the Earth & Space Sustainability Summit, aimed at advancing science and technology in Space for the benefit of society on Earth. To send contributions to CME, please write to contact@cme-stem.org
About Chevron Phillips Chemical
“Chevron Phillips Chemical” includes Chevron Phillips Chemical Company LLC and its wholly owned subsidiaries. Chevron Phillips Chemical is one of the world’s top producers of olefins and polyolefins and a leading supplier of aromatics, alpha olefins, styrenics, specialty chemicals, polyethylene piping and polymer resins. With approximately 5,000 employees, Chevron Phillips Chemical and its affiliates own nearly $19 billion in assets, including 31 manufacturing and research facilities in six countries. Chevron Phillips Chemical is owned equally by Chevron U.S.A., Inc. and Phillips 66 Company, and is headquartered in The Woodlands, Texas. For more information about Chevron Phillips Chemical, visit www.cpchem.com and follow us on social media: @chevronphillips.
“Chevron Phillips Chemical” or “CPChem” may refer to one or more Chevron Phillips Chemical’s subsidiaries or affiliates or to all of them taken as a whole. All of these terms are used for convenience only and are not intended as a precise description of any of the separate companies, each of which manages its own affairs.
About CME
With roots that date back to 1954, Chemical Marketing & Economics, Inc. (CME) is a forward-looking 501(c)(3) non-profit based in Morristown, NJ, dedicated to accelerating diverse STEM talent and leadership for sustainable innovation in energy, materials and life sciences. CME brings together Nobel Laureates and the leaders of industry, government, academia, philanthropy, and the public to share cutting-edge insights through exciting events and award-winning programs, such as the CME STEM Leadership Awards™, CME STEM Talks™, STEM Festivals, CME NASA Symposium and the CME NASA Earth & Space Sustainability Summit. www.cme-stem.org
About WPC
Organized by S&P Global Commodity Insights, the World Petrochemical Conference is a premier gathering of industry leaders and government officials, creating a platform for insight, and dialogue on major strategic issues facing the global petrochemical industry. In 2024 WPC will take place 18-22 March in Houston, Texas, offering an array of sessions featuring major chemical companies and leading organizations discussing the critical issues that impact the chemical market, numerous networking opportunities and inspirational CME STEM Talks by Thought Leaders. https://wpc.spglobal.com/index.html
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