This transfer of marketing operations, effective January 1, 2006, will help Lyondell get closer to its customers by utilizing Millennium’s long-term position in the flavors and fragrance market.
“This is another important step in leveraging the synergies between Lyondell and Millennium,” said Kevin DeNicola, senior vice president and chief financial officer. “It allows Lyondell to supply 2-PEA directly to the market instead of relying on a third-party.”
Lyondell is a leading producer of 2-PEA, a rose-fragranced product, which is widely used as a base fragrance in detergents and deodorizers.
“The addition of 2-PEA fits in nicely with our product line of flavor and fragrance ingredients,” said Douglas Rash, director of sales and marketing, Millennium Specialty Chemicals, a Lyondell company. “We welcome the addition of this product to our portfolio.”
Millennium Specialty Chemicals has been a premium supplier of ingredients to the flavors and fragrance market for a number of years, and the business reports to DeNicola. It manufactures a variety of products used as industrial odor masks for cleaners, bases for fine perfumes and deodorants, mint flavors for mouthwashes and toothpastes, and citrus oils for disinfectants.
For more information about 2-PEA or our other flavor and fragrance ingredients, please visit www.millenniumchem.com.
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