Huntsman's Major Ethylene Unit Resumes Production
Tuesday November 8, 2:48 pm ET
THE WOODLANDS, Texas, Nov. 8 /PRNewswire-FirstCall/ -- Huntsman Corporation announced today that its largest olefins manufacturing facility in Port Arthur, Texas has returned to production.
The company had idled the plant on September 22nd in advance of Hurricane Rita's landfall near Port Arthur. The facility sustained no serious structural damage during the storm but did require some repair and its restart was delayed by the lack of electrical power and limited availability of other utilities it receives under contract from a neighboring refinery.
With the successful restart of the Port Arthur facility, all Huntsman primary Gulf Coast plants have resumed production.
Huntsman is a global manufacturer and marketer of differentiated and commodity chemicals. Its operating companies manufacture basic products for a variety of global industries including chemicals, plastics, automotive, aviation, footwear, paints and coatings, construction, technology, agriculture, health care, textiles, detergent, personal care, furniture, appliances and packaging. Originally known for pioneering innovations in packaging, and later, rapid and integrated growth in petrochemicals, Huntsman today has 11,300 employees, 57 operations in 22 countries and had 2004 revenues of $11.5 billion.
Statements in this release that are not historical are forward-looking statements. These statements are based on management's current beliefs and expectations. The forward-looking statements in this release are subject to uncertainty and changes in circumstances and involve risks and uncertainties that may affect the company's operations, markets, products, services, prices and other factors as discussed in the Huntsman companies' filings with the Securities and Exchange Commission. Significant risks and uncertainties may relate to, but are not limited to, financial, economic, competitive, environmental, political, legal, regulatory and technological factors. Accordingly, there can be no assurance that the company's expectations will be realized. The company assumes no obligation to provide revisions to any forward-looking statements should circumstances change, except as otherwise required by securities and other applicable laws.
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