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Home > Company Index > Chemicals > Plastics & Fibers > Equistar Chemicals, LP

Equistar Chemicals, LP
 NEWS FROM THE STANDARD
Envera, ChemConnect Form a Chemical Bond
Jun 07 2001 07:03 AM PDT

 PROFILE
Credit good chemistry, but Equistar Chemical -- a partnership of Lyondell (about 40%), Millennium Chemicals, and Occidental Petroleum (about 30% each) -- is one of the world's largest producers of ethylene and its derivatives, olefins, and polymers. Equistar's two segments, petrochemicals (75% of sales) and polymers (25%), make products for use in the manufacture of items ranging from food and beverage packaging to carpet facing, paints, wire insulation, and cleaners. Through a joint venture with DuPont, the company also produces ethylene glycol (antifreeze, polyester fibers, resins, and films). Millennium was trying to sell its share of Equistar, but stopped when it received no offers.

 COMPETITION
The Dow Chemical Company (DOW)
ExxonMobil Chemical Company (dossier)
Huntsman Corporation (dossier)

 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 7,495.00
1-Yr. Sales Growth: 37.9%
Employees: 3,700
Revenue per employee: $2,025,675.68

 KEY PEOPLE
• Dan F. Smith
    CEO
• Kelvin R. Collard
    CFO

 CONTACT INFO
1221 McKinney St., Ste. 700
Houston, TX 77010
US
Phone: 713-652-7300
Fax: 713-652-4151
Online: Web Site

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