Lyondell to Market MTBE On ChemConnect.Business Editors MAIDENHEAD, England and HOUSTON--(BUSINESS WIRE)--Feb. 17, 2003 Lyondell Chemical Company Lyondell Chemical Company NYSE: LYO is an American multinational corporation based in Houston, Texas. Overview The Lyondell Chemical Company is currently the third largest independent chemical manufacturer in the United States. , the world's leading marketer of MTBE MTBE Methyl-tert-butyl-ether Surgery An aliphatic ether that rapidly dissolves cholesterol stones in vivo, introduced under local anesthesia via a percutaneous transhepatic cholecystectomy catheter, as a non-invasive method for treating gallstones; after injection, , has announced that, starting in February 2003, it will market its MTBE through ChemConnect (www.chemconnect.com), a leader in helping customers optimize purchasing and sales processes. In addition to ChemConnect, Lyondell will continue to market MTBE through existing direct and third-party sales channels. Lyondell will regularly feature postings on the trading site. Product can be offered from North-West Europe on an FOB/FCA basis for barge or rail tank cars. "Our main objectives for marketing MTBE through an electronic platform such as ChemConnect are to increase price transparency Price Transparency The accessibility of information on the order flow for a particular stock, allowing knowledge of the quantities of stock being offered and the bids at the various price levels. Also referred to as "market depth. , transact sales in future months, and offer an additional sales channel for our customers," says Lyondell's European MTBE Trader, Murray Barter. "We are making this commitment towards these objectives, and we invite others to join this medium now to ensure its success. We are pleased with the performance of the new ChemConnect site which offers participants real-time dealing within a pre-approved environment." About Lyondell Lyondell Chemical Company, (www.lyondell.com), headquartered in Houston, Texas, is a leading producer of: propylene oxide (PO); PO derivatives, including toluene diisocyanate (TDI TDI - Transport Driver Interface ), propylene glycol (PG), butanediol (BDO BDO Big Day Out (Australian music festival) BDO Banco de Oro (Philippines) BDO 1,4-Butanediol BDO British Darts Organisation BDO Block Development Officer BDO Big Dumb Object ) and propylene glycol ether (PGE PGE Pacific Gas and Electric Company PGE Portland General Electric PGE Prostaglandin E PGE Platinum Group Elements PGE Pacific Great Eastern (Railroad) PGE Phenyl Glycidyl Ether PGE Perfect Girl Evolution ); and styrene sty·rene n. A colorless oily liquid from which polystyrenes, plastics, and synthetic rubber are produced. Also called vinylbenzene. monomer and MTBE as co-products of PO production. Through its 70.5% interest in Equistar Chemicals, LP, Lyondell also is one of the largest producers of ethylene, propylene propylene /pro·pyl·ene/ (pro´pi-len) a gaseous hydrocarbon, CH3CHdbondCH2. propylene glycol a colorless viscous liquid used as a humectant and solvent in pharmaceutical preparations. and polyethylene in North America and a leading producer of ethylene oxide, ethylene glycol, high value-added specialty polymers and polymeric powder. Through its 58.75% interest in LYONDELL-CITGO Refining LP, Lyondell is one of the largest refiners in the United States, principally processing extra heavy Venezuelan crude oil to produce gasoline, low sulfur diesel and jet fuel. About ChemConnect ChemConnect is a leader in helping customers optimize their purchasing and sales processes for chemicals, feedstocks, plastics, and related products through a unique combination of market information, industry expertise, e-commerce solutions, and an active network of trading partners. More than 9,000 Member companies in multiple industries around the world can use ChemConnect's highly efficient tools and services to streamline transactions and lower costs. Visit www.chemconnect.com for more information. |
|
Printer friendly
Cite/link
Email
Feedback
Reader Opinion