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SUN, OLIN COMPLETE ETHYLENE OXIDE AGREEMENT

 SUN, OLIN COMPLETE ETHYLENE OXIDE AGREEMENT
 PHILADELPHIA, Nov. 5 /PRNewswire/ -- Sun Company, Inc. (NYSE: SUN)


and Olin Corporation (NYSE: OLN) said they closed Oct. 31 on their previously announced agreement regarding the ethylene oxide unit at Olin's Brandenburg, Ky., chemical complex.
 Under the agreement, Sun acquired the 105-million-pound-per-year unit, although Olin continues to operate it. Olin now purchases ethylene oxide from Sun for its derivatives businesses, and Sun markets the balance of the unit's production to other ethylene oxide consumers.
 "We have a first year sales budget in place and will soon have a full-time representative on site in Brandenburg," said Robert H. Writz, Sun senior vice president. "We've picked up Olin's ethylene oxide customers, and our marketing people are talking to other potential customers. We'll also be installing storage facilities for ethylene feedstock in the near future."
 Terms and conditions of the agreement were not disclosed.
 /delval/
 -0-
 /CONTACT: Bud Davis of Sun, 215-977-3485, or Alec Houston of Olin, 203-356-2301/
 (SUN OLN) CO: Sun Company, Inc.; Olin Corporation ST: Pennsylvania, Kentucky IN: OIL SU:


MK -- PH012 -- 2914 11/05/92 09:36 EST
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Publication:PR Newswire
Date:Nov 5, 1992
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