Approximately 68 employees will be impacted as a result of this closure. Most of the impact will occur by the end of September and the affected employees will be offered severance packages.

This has been a difficult decision.  We have worked closely with our business managers to consider all of our options before taking these actions,” said Dave Morgan, General Manager of Performance Pipe.  “This closure will allow our piping business to take advantage of improved economies of scale while maintaining manufacturing capability to supply the pipe market in Mexico,” he added.

About Chevron Phillips Chemical

Chevron Phillips Chemical Company LLC with its affiliates is one of the world’s top producers of olefins and polyolefins and a leading supplier of aromatics, alpha olefins, styrenics, specialty chemicals, piping and proprietary plastics.  The company has total assets of approximately $7 billion and is owned equally by Chevron Corporation and ConocoPhillips.  For more information about Chevron Phillips Chemical, visit http://www.cpchem.com/.

About Performance Pipe

Performance Pipe, a division of Chevron Phillips Chemical Company LP, is North America's largest producer of polyethylene piping products for gas, industrial, municipal, mining, oilfield, and utility applications with nine plants in the United States.  For more information about Performance Pipe, visit http://www.performancepipe.com/.   

Some of the matters discussed in this news release are forward-looking statements that are subject to risks and uncertainties. These statements are not guarantees of future performance and actual outcomes and results may differ, perhaps materially, from what is expressed herein.  Actual results could differ materially, based on factors including, but not limited to, future economic conditions, industry production capacity and operating rates, the supply/demand balance for the products produced by Chevron Phillips Chemical Company LLC and its affiliates, competitive products and pricing pressures, further increases in raw material and/or energy costs, changes in governmental regulations and other risk factors. Additional information on such matters can be found in Chevron Phillips Chemical Company LLC's publicly available filings with the Securities and Exchange Commission (SEC). Copies of the company's filings with the SEC are available from the SEC's website at www.sec.gov.