29 January 2002 00:18 [Source: ICIS news]
HOUSTON (CNI)--ExxonMobil has agreed to purchase and market all the isopropyl alcohol (IPA) produced by Lyondell in a 22 686 tonne/year quantity as a by-product at Lyondell's complex in Bayport, Texas for an undisclosed price and time frame, ExxonMobil told CNI Monday.
While Lyondell is a relatively small producer of IPA, ExxonMobil ranks among the largest with a facility in Baton Rouge, Louisiana that makes 295 000 tonne/year.
While the IPA from Lyondell's Bayport facility does not appear to be a core product for the Houston-based company, ExxonMobil said its chemicals unit is "well-positioned" to buy and market it.
ExxonMobil is an integrated oil company headquartered in Irving, Texas.
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