Lyondell to increase PGE capacity.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. , Houston, TX, has announced plans to increase its annual propylene glycol propylene glycol a chemical used industrially as an antifreeze, solvent stabilizer, as a preservative in liquid livestock feeds and pharmaceutically as a vehicle or solvent for medicinal preparations. 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 ) capacity by 50,000 metric tons by the beginning of the year 2007. The planned capacity increase is a result of a long-term agreement between Lyondell and Shiny Chemical Industrial Co., Ltd. for the contract manufacturing of Arcosolv[R] PGEs. Based on the agreement, Shiny Chemical will manufacture the PGEs and Lyondell will market and sell the products. |
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