Lyondell Announces Capital Investment Plan for 2007
PRNewswire-FirstCall
HOUSTON
(NYSE:LYO)
HOUSTON, Jan. 25 /PRNewswire-FirstCall/ -- Lyondell Chemical Company (NYSE: LYO) today announced its plan for 2007 capital expenditures. Components of the 2007 capital plan, actual 2006 capital expenditures and actual 2006 depreciation and amortization are shown below by segment. Millions of PORP EC&D Inorganic Refining Other Total Projected 2007 capital spending for base support and minor plant efficiency projects totals approximately $305 million across the company; the EC&D component of this is expected to be greater than typical due to life- cycle equipment replacement. Environmental and regulatory project spending totals $95 million. The majority of this spending will be in the refining and EC&D segments. The balance of the planned funds will be directed toward profit enhancement primarily within the EC&D business, including projects devoted to further co-product upgrading and raw materials flexibility. ABOUT LYONDELL Lyondell Chemical Company, headquartered in Houston, Texas, is North America's third-largest independent, publicly traded chemical company. Lyondell is a major global manufacturer of basic chemicals and derivatives including ethylene, propylene, titanium dioxide, styrene, polyethylene, propylene oxide and acetyls. It also is a refiner of heavy, high-sulfur crude oil and a significant producer of gasoline-blending components. Lyondell is a global company operating on five continents and employs approximately 11,000 people worldwide. SOURCE: Lyondell Chemical Company CONTACT: investors, Doug Pike, +1-713-309-4590, or media, Lisa Martin- Web site: http://www.lyondell.com/ |