Millennium Chemicals' Quantum Chemical Begins Commercial Production At Its New 480-Million Lbs/Yr LLDPE Plant in La Porte, Texas
LONDON, and ISELIN, N.J., Feb. 10 /PRNewswire/ -- Millennium Chemicals Inc. (NYSE NYSE
See: New York Stock Exchange : MCH See Intel Hub Architecture. ) announced today that a subsidiary, Quantum Chemical Corporation, has begun commercial production of Petrothene(R) linear low density polyethylene Linear low density polyethylene (LLDPE) is a substantially linear polymer (polyethylene), with significant numbers of short branches, commonly made by copolymerization of ethylene with longer-chain olefins. (LLDPE) at its plant in La Porte, Texas. Based on Unipol(R) technology, the new gas-phase LLDPE unit has a capacity of 480 million lbs/yr.
"The new, highly-efficient LLDPE reactor at the La Porte plant is the 'best-of-the-best' in terms of output per employee," said William M. Landuyt, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Millennium Chemicals. "The plant's size gives Quantum economy of scale and it uses state-of-the-art manufacturing technology."
Quantum's total LLDPE capacity is now 1.130 billion lbs/yr. The company also has two LLDPE reactors at its plant in Morris, Illinois.
Quantum Chemical LLDPE Capacity
Plants Million lbs/yr La Porte, TX 480 Morris, IL 650 TOTAL 1,130
"Most of the LLDPE made in the new reactor at La Porte will go into the hexene and stretch film markets, fast growing segments for polyethylene film resins," said Robert E. Lee, President and Chief Operating Officer Chief Operating Officer (COO)
The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. at Millennium Chemicals.
Each of Quantum's LLDPE plants is now dedicated to making resins for one basic market: film (La Porte), rotomolding/injection molding (Morris) and wire and cable (Morris). "With market-dedicated plants," said Dr. Ronald H. Yocum, CEO of Quantum Chemical, "we can maximize output and improve efficiency as well as quality. Further, we can focus our R&D efforts and manufacturing of LLDPE on a single technology - Unipol."
Quantum now uses only Unipol technology to make Petrothene LLDPE. Previously, Quantum produced LLDPE at its Port Arthur, Texas Port Arthur is a city in Jefferson County within the Beaumont-Port Arthur metropolitan area and is situated in southeast Texas. As of the 2000 U.S. Census, the city had a total population of 57,755. plant. However in 1996, Quantum converted this reactor (BP technology) to a HDPE unit (300 million lbs/yr).
At the end of last year, an idled Unipol gas-phase LLDPE reactor at Morris, Illinois, with a capacity of 250 million lbs/yr, was restarted. Quantum temporarily suspended operation of the Morris unit in 1992, due to an over supply in LLDPE at the time. The Morris plant also has a 400 million lbs/yr LLDPE reactor. Quantum first began making LLDPE resins in 1984 a the Morris plant.
Millennium Chemicals Inc. is a major international chemicals company, with leading market positions in a broad range of commodity, industrial, performance and specialty chemicals.
Millennium Chemicals Inc. is
-- the largest producer of polyethylene products in the United States;
-- the second-largest producer of titanium dioxide (TiO2) in the United States and the third-largest in the world;
-- the second-largest producer of acetic acid and vinyl acetate monomer in the United States;
-- a leading producer of high value-added specialty polymers, color concentrates and polymeric powders and other products, including titanium tetrachloride, cadmium/selenium pigments and silica gel; and
-- a leading producer of fragrance and flavor chemicals.
SOURCE Millennium Chemicals Inc.
/CONTACT: Mickey Foster, Vice President - Investor Relations of Millennium Chemicals, 908-603-6777/
CO: Millennium Chemicals Inc. ST: New Jersey IN: CHM SU:
MM -- NYM105 -- 1607 02/10/97 14:01 EST http://www.prnewswire.com