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Jun, 15, 2006

Texas Petrochemicals Announces Project to Expand Baytown Operations

Texas Petrochemicals Announces Project to Expand Baytown Operations

Texas Petrochemicals LP (TPC), a Houston-based petrochemical company specializing in C(4) hydrocarbons, on Thursday announced the commencement of a major project at its Baytown, Texas operations, which would diversify and strengthen the Company's product portfolio.

When completed, the Company's Baytown Operations would include a twin reactor, world-scale propylene derivatives plant that will produce nonene and propylene tetramer as well as polymer gasoline and propane. The majority of the facility's output is already committed to customers under long-term contracts.

"We are delighted to be expanding our Baytown Operations," stated Charlie Shaver, the Company's President and CEO. "This major investment marks an important step in supporting our customers' needs and expanding our product line."

The project is scheduled for completion in the first quarter of calendar year 2007.

Headquartered in Houston, Texas, Texas Petrochemicals LP is a premier chemical company with more than USD 1 billion in annual sales. The Company provides quality C(4) chemical products and services to both local and global industry companies. The Company has manufacturing facilities in the industrial corridor adjacent to the Houston Ship Channel and operates product terminals in Baytown, Texas and Lake Charles, Louisiana.