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September 23rd 2005 - PHILADELPHIA, Sept 22, 2005 /PRNewswire-FirstCall via COMTEX/ -- Copyright (C) 2005 PR Newswire. All rights reserved.
Sunoco, Inc. (NYSE: SUN) said today that in view of the potentially destructive impact of Hurricane Rita, it has shut down its LaPorte and Bayport, TX polypropylene facilities. In addition, it has evacuated all its non-essential personnel.
(Logo: http://www.newscom.com/cgi-bin/prnh/19981105/PHTH006 )
The Company is focused on continuing to be a reliable supplier to its customers while operating its facilities to the highest standards safely, reliably and with environmental integrity. Damage assessment and repair teams have been assembled and are on stand-by awaiting the storm's passing before returning to the facilities. The facilities will be restarted as soon as it can be done safely.
Sunoco expects supply and logistics for polypropylene to be disrupted in the U.S. Gulf Coast Region for some extended period of time. The storm path and severity makes the magnitude and duration uncertain. We will provide additional information on our ability to supply our customers as the effects of the storm are better known.
Sunoco, Inc., headquartered in Philadelphia, PA, is a leading manufacturer and marketer of petroleum and petrochemical products. With 900,000 barrels per day of refining capacity, approximately 4,800 retail sites selling gasoline and convenience items, over 4,300 miles of crude oil and refined product owned and operated pipelines and 38 product terminals, Sunoco is one of the largest independent refiner-marketers in the United States. Sunoco is a significant manufacturer of petrochemicals with annual sales of approximately five billion pounds, largely chemical intermediates used in the fibers, resins and specialties markets. Utilizing a unique, patented technology, Sunoco also currently has the capacity to manufacture over 2.5 million tons annually of high-quality metallurgical-grade coke for use in the steel industry.
SOURCE Sunoco, Inc.
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