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UNOCAL CORP.'S SUBSIDIARY, UNION OIL COMPANY OF CALIFORNIA, COMPLETES PURCHASE

 UNOCAL CORP.'S SUBSIDIARY, UNION OIL COMPANY OF CALIFORNIA,
 COMPLETES PURCHASE
 LOS ANGELES, Jan. 24 /PRNewswire/ -- Unocal Corp. (NYSE: UCL) said today that its operating subsidiary, Union Oil Company of California, has completed the purchase of the major part of Chevron Chemical's nitrogen fertilizer business.
 The purchase includes Chevron Chemical's manufacturing and storage facilities located in Kennewick, Wash., and a toll processing agreement for products produced at Chevron's Richmond, Calif., plant. Chevron's Finley plant is expected to be transferred at a later date.
 "We are pleased to conclude the purchase of the Chevron facilities as it will allow us to increase the company's production of higher- value, upgraded nitrogen products to better serve the nation's food producers," said Neal E. Schmale, Unocal senior vice president and president, Unocal Chemicals & Minerals Division. "We are also extremely pleased to be a part of the Tri-Cities community, and think it is an excellent base in which to grow our nitrogen fertilizer business," he added.
 Unocal intends to manufacture various nitrogen fertilizer upgraded products at the Kennewick Facility.
 The Agricultural Products Group of Unocal Chemicals & Minerals Division manufactures and markets nitrogen-based fertilizers and chemicals for agricultural use in the western United States and Pacific Rim countries.
 The companies did not disclose the purchase price or financial terms of the purchase and sale agreement.
 -0- 1/24/92 R
 /CONTACT: James H. Bray of Unocal, 213-977-5390/
 (UCL) CO: Unocal Corp.; Union Oil Company of California ST: California IN: OIL SU: TNM


AL -- LA017R -- 3242 01/24/92 16:12 EST
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Publication:PR Newswire
Date:Jan 24, 1992
Words:255
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