JLM Industries, Inc. Announces Gregory A. Taylor - Phenol Sales Manager for JLM Chemicals, Inc.

Business Editors

TAMPA, Fla.--(BUSINESS WIRE)--Aug. 3, 2000

JLM Industries, Inc. (Nasdaq:JLMI) today announced the appointment of Gregory A. Taylor to the position of Phenol Sales Manager for JLM Chemicals, Inc. The announcement was made by Walter M. Tarpley, Vice President of JLM Industries, Inc.

In his new position, Taylor will relocate to JLM's Tampa, Florida headquarters where he will manage the firm's phenol, alpha methyl styrene and acetophenone sales activities.

A chemical industry veteran, Greg was previously Melamine National Accounts Manager for Borden Chemicals. He earned a bachelor degree in History and Political Science from the University of Southern Mississippi.

JLM Industries, Inc. is a leading marketer, distributor and manufacturer of certain commodity chemicals, principally acetone and phenol. The Company believes it is the second largest marketer of acetone and the fifth largest marketer of phenol in North America. It is also a global distributor of olefins, principally propylene, as well as other commodity and specialty chemicals. The Company's principal products are used in the production of adhesives, coatings, forest product resins, paints, personal care, pharmaceuticals, plastics, solvents, synthetic rubbers and food processing.

This release contains forward-looking statements based on current expectations that involve a number of risks and uncertainties. The potential risks and uncertainties that could cause actual results to differ materially include: the cynical nature of the worldwide chemical market; the possibility of excess capacity; fluctuations in the cost and availability of raw material prices; the political and economic uncertainties associated with international operations; fluctuations of foreign exchange; the risks associated with potential acquisitions, and the ability to implement other features of the Company's business strategy.