press release

Chevron Press Release - Chevron Chemical Breaks Ground For Zhangjiagang Polystyrene Plant

ZHANGJIAGANG, China, Aug. 26, 1998 -- Chevron Chemical Co. LLC broke ground here on Monday (Aug. 24) on construction of a 100,000-tons-per-year general purpose and high-impact polystyrene plant, during a ceremony attended by Jiangsu Province Vice Governor Wang Rongbing, Zhangjiagang Municipal Committee Secretary Jiang Hongkun, Zhangjiagang free trade zone Administrative Committee Director Hu Jianpeng and Chevron Corp. Vice Chairman Jim Sullivan.

When completed in two years, the plant will employ 100 workers, with the potential for production expansion of up to 200,000-tons-per-year. Inauguration of production, slated for the first quarter of 2000, will incorporate community awareness and emergency response, pollution prevention, process safety, distribution, employee health and safety, and product stewardship practices aligned with the Chemical Manufacturers Associations Responsible Care code of management practices.

Chevron has been a partner in enhancing the value of Chinas hydrocarbon natural resources since 1983, Sullivan noted, and we see this as a logical progression of that partnership. He expressed optimism that the new plant would be joined in the future by additional polystyrene and petrochemical facilities. We hope to be the partner of choice in Chinas drive to become self-sufficient in meeting its chemical needs, Sullivan said.

(Polystyrene is primarily used in food and beverage packaging, CD and video cassettes, cushion packaging and insulation. High-impact polystyrene is used in a broad range of automotive, electronics and appliance applications.)

Chevron Chemical Co. LLC comprises 5,000 employees worldwide, with five non-U.S. affiliates and 18 subsidiaries, operating 26 manufacturing plants in 10 states and on four continents. The largest non-petroleum subsidiary of Chevron Corp., its 1997 earnings were $224 million from worldwide sales of $3.6 billion.

Updated: August 1998