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ETHYL BREAKS GROUND ON $70 MILLION PETROLEUM ADDITIVES RESEARCH FACILITIES

 ETHYL BREAKS GROUND ON $70 MILLION PETROLEUM
 ADDITIVES RESEARCH FACILITIES
 RICHMOND, Va., Aug. 27 /PRNewswire/ -- Ethyl Corporation (NYSE: EY) launched the construction of a $70-million petroleum additives research complex at ground-breaking ceremonies on Aug. 25. The site of the new complex is adjacent to Ethyl's headquarters in Richmond, Va.
 Bruce C. Gottwald, Ethyl's president and chief executive officer, Floyd D. Gottwald, Jr., Ethyl's chairman, and Thomas E. Gottwald, president of Ethyl Petroleum Additives, Inc., were joined by Richmond city officials to celebrate the start of the construction. The new 215,000-square-foot facility will be built on the site of the former Virginia State Penitentiary.
 The new facilities will support and expand Ethyl Petroleum Additives Division's ongoing global research and development activities in gasoline and diesel engine lubricants, hydraulic fluids, automotive and industrial gear lubricants, transmission fluids and gasoline and diesel fuel additives. Scheduled to open in late 1994, the complex initially will employ nearly 200 people.
 "Today, we celebrate a major investment by Ethyl Corporation," said Bruce C. Gottwald in opening remarks at the ceremony. "It's an investment in our employees, our customers and our suppliers. It's an investment in the future success of downtown Richmond. It's also a strong statement about the important role our Petroleum Additives Division will play in the future of Ethyl Corporation."
 Floyd D. Gottwald, Jr., also noted that the new facilities will have a positive impact on Richmond's urban development, as well as will help position Ethyl as a worldwide leader in the petroleum additives industry.
 The six-story office and chemical research building and an adjacent mechanical laboratory will house scientists, engineers and technicians currently located in St. Louis, Mo. This summer, Ethyl Petroleum Additives, Inc., relocated its headquarters from St. Louis to Richmond.
 "These new facilities," said Thomas E. Gottwald, "will expand significantly our opportunities to carry out more scientific research. Such research efforts will complement and reinforce a full range of commercial testing of fuels, lubricants and their additives."
 When completed, the new research buildings will double the size of Ethyl's downtown Richmond office space and will occupy approximately one-half of the 16-acre former prison site purchased by Ethyl in 1991. Ethyl officials said that the remaining land eventually will be used for future corporate development.
 At the ground-breaking ceremony, Richmond City Manager Robert C. Bobb praised Ethyl's commitment to the continued prosperity of downtown Richmond by providing jobs, increased tax revenues and a welcomed addition to the city's skyline.
 "This is a prime example of how a company's commitment can make a city like Richmond even greater," he said.
 Richmond Mayor Walter T. Kenney added that the Ethyl Petroleum Additives research facilities represent "the largest private investment undertaken in Virginia thus far in 1992."
 Architects for the complex are Albert Kahn Associates, Inc., of Detroit, specialists in design and engineering for the automotive industry. Site planning was performed for Ethyl by Wallace Roberts & Todd of Philadelphia.
 The architectural style of the facilities, which reflects the neighboring Virginia Housing Development Authority building and Ethyl's corporate headquarters, visually expresses the technical, modern nature of a research laboratory. Precast limestone aggregate panels will clad the building's base, and a glass curtain wall system will cover the upper floors of the laboratory building.
 The entrance lobby will be topped with a copper dome fitted with an oculus skylight. The lobby will contain interior balconies providing excellent views of the James River. The entire site will be landscaped extensively with shade trees and green areas.
 The entry courtyard will include an interpretive design feature marking the site of the 1797 Virginia State Penitentiary designed by the noted Philadelphia architect, Benjamin Henry Latrobe. Foundation ruins of the original prison, which was demolished by the Commonwealth of Virginia in 1928, were excavated and documented by independent archaeological consultants retained by Ethyl throughout the demolition and site-preparation stages.
 -0- 8/27/92
 /CONTACT: Jack Graham, EPAD, Ethyl Corporation, 804-788-5038, or Sidney Davenport of Hawley Martin Hipple Public Relations, 804-285-2058, for Ethyl/
 (EY) CO: Ethyl Corporation ST: Virginia IN: CHM AUT OIL SU:


CM -- CH002 -- 3900 08/27/92 11:09 EDT
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Publication:PR Newswire
Date:Aug 27, 1992
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