PROFILE |
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Texas Petrochemicals has kept motoring along thanks to the US Clean Air Act of 1990, which requires an oxygenate in gasoline in heavily populated areas. The company derives 58% of its sales from the production of MBTE, the predominate oxygenate used in US gasoline; however, it plans to reduce dependence on MBTE after several incidents of groundwater contamination. Other products include butadiene, butene-1, high-purity isobutylene, diisobutylene, and isobutylene concentrate, which are used in the manufacture of synthetic rubber, plastic resins, and lubricants. Texas Petrochemicals also operates its own cogeneration power plant and sells the excess capacity. TPC Holdings owns the company, which was formed in 1968.
COMPETITION |
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Equistar Chemicals, LP (dossier)
Lyondell Chemical Company (LYO)
Valero Energy Corporation (VLO)
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FINANCIAL OVERVIEW |
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Fiscal Year-End: June
2000 Sales (mil.): 744.70
1-Yr. Sales Growth: 66.2%
Employees: 294
Revenue per employee: $2,532,993.20
KEY PEOPLE |
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Bill Waycaster
CEO
Claude Manning
CFO
CONTACT INFO |
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3 Riverway, Ste. 1500
Houston, TX 77056
US
Phone: 713-627-7474
Fax: 713-477-8762
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