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Headquarters The Woodlands, TX Toll Free - 877.798.6666 Direct - 832.813.4100 International Europe – 32.3.570.2611 Japan – 81.3.5200.0511 Hong Kong – 85.2.2.978.9800 Shanghai – 86.21.62362199.223 Singapore – 65.6861.6991 © 2008 Chevron Phillips Chemical Company LLC Legal Notice Webmaster |
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Borger, Texas Site Selected For New Ryton® PPS Plant THE WOODLANDS, TEXAS, July 14, 2005 – Chevron Phillips Chemical Company LP (Chevron Phillips Chemical) has announced that Borger, Texas will be the location of its new polyphenylene sulfide (PPS) plant. The new plant will have a 22 million pound-per-year capacity with startup anticipated in mid-2007. Built side-by-side to the existing PPS plant in Borger, the new facility will expand the company’s total PPS capacity at the site to 44 million pounds per year. Construction of the facility is subject to final board approval, which will be sought later in the year. “We evaluated several domestic and international sites and have selected Borger, Texas as the most advantageous site,” said Mike McDonnell, Ryton® PPS General Manager for Chevron Phillips Chemical. "With the demand for Ryton® PPS increasing, we look forward to positioning our company to provide more product as well as expanding service to our existing and future customers,” McDonnell said. Ryton® PPS is Chevron Phillips Chemical’s high performance engineering resin known for its dimensional stability and resistance to corrosive and high-temperature environments. With a thirty-plus year history, Ryton® PPS is recognized as the world’s premier product for demanding plastic applications. Ryton® PPS is used in injection molding and extrusion applications for computer components, automobile parts, and various electrical appliances. About Chevron Phillips Chemical Company LLC 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 almost $7 billion and is owned equally by Chevron Corporation and ConocoPhillips. For more information about Chevron Phillips Chemical, visit http://www.cpchem.com/ Some of the matters discussed in this news release are forward-looking statements that are subject to risks and uncertainties. Actual results could differ materially from those described, as a result of factors including, but not limited to, future economic conditions, industry production capacity and operating rates, the supply/demand balance for the products discussed in this release, pricing pressures, increases in raw material and/or energy costs, changes in governmental regulations, political risks, and other factors. These statements are not guarantees of future performance and actual outcomes and results may differ, perhaps materially, from those described herein. Additional information on financial matters relating to Chevron Phillips Chemical Company LLC can be found in the company’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.
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