“The addition of this facility completes the next step of our global production strategy to implement the same compounding technology in Belgium, Singapore and the U.S.,” said Michael McDonnell, Ryton PPS General Manager for Chevron Phillips Chemical. “We are prepared to completely service the PPS demand of each major global marketplace with the same high-quality Ryton PPS compounds.”

The compounding facility has been operating at commercial capacity since mid-April 2003.  Feedstock for this facility is provided by Chevron Phillips Chemical’s Borger, Texas facility. 

The compounding facility is located approximately 30 minutes southeast of downtown Houston in La Porte, Texas. 

Ryton PPS, a preferred choice for performance engineering thermoplastics for 30 years, is used in a wide range of automotive, industrial, electrical/electronic, and appliance applications.  Ryton PPS injection molding and extrusion compounds offer a unique combination of properties and a cost/performance balance unmatched by any other engineering thermoplastics.

About Chevron Phillips Chemical Company
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 $6 billion and is owned equally by ChevronTexaco Corporation and ConocoPhillips.

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, 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 Web site at www.sec.gov.