|
SUNOCO CHEMICALS
ANNOUNCES MOTHBALL OF
PHENOL 1 LINE AT HAVERHILL OHIO PLANT
PHILADELPHIA,
November 18, 2003 - Sunoco Chemicals announced today that,
effective immediately, it will mothball the phenol 1 line at its
Haverhill,
Ohio production facility.
No other units are affected by this action.
Sunoco Chemicals decided to mothball the phenol 1
line in order to idle its most inefficient production capacity, allowing
the company to maximize production at the two remaining phenol lines at
Haverhill and its two lines at its Frankford site. With the
implementation of improved energy sourcing and a new phenol technology,
Sunoco facilities will continue to drive to best in class in cost in the
industry. Sunoco plans to retrofit line 1 at
Haverhill
and restart it when the market requires capacity. In addition, the
remaining lines at
Haverhill
and Frankford have cost effective expansion capability.
Sunoco Chemicals will remain the largest producer of phenol
in North America
with two plants, one in
Haverhill,
Ohio, and the other in the Frankford section of
Philadelphia,
Pennsylvania with combined phenol annual capacity of 1.8 billion
pounds. The phenol 1 line at
Haverhill
was built in 1969.
Sunoco, Inc.
(NYSE: SUN),
headquartered in
Philadelphia,
PA, is a leading manufacturer and marketer of petroleum and
petrochemical products. With 730,000 barrels per day of refining
capacity, over 4,600 retail sites selling gasoline and convenience
items, interests in almost 11,000 miles of domestic crude oil and
refined product pipelines and 34 product terminals, Sunoco is one of the
largest independent refiner-marketers in the United States. Sunoco is a growing force in
petrochemicals with approximately six billion pounds of annual sales,
largely chemical intermediates used in the manufacture of fibers,
plastics, film and resins. Utilizing a proprietary technology, Sunoco
also manufactures two million tons annually of high-quality blast
furnace coke for use in the steel industry.
For additional
information, visit Sunoco’s Web site at
www.SunocoInc.com.

|