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Shell Still Excited About PTT

HOUSTON, Jan. 30 /PRNewswire/ -- An industry publication recently ran a story saying that Shell Chemical Company* was not proceeding with a polytrimethylene terephthalate (PTT) project planned for Altamira, Mexico.This is not accurate. The company is currently looking at various sites, including Altamira tobuild a plant that would demonstrate Shell and Zimmer AG's all-melt,continuous PTT process. Shell's PTT business development and investment in anew PTT plant remain an integral part of our strategy to grow the1,3-Propanediol (PDO) business. "We are excited about the long-term prospects for the PTT business and ourPTT proprietary continuous process technology. We see positive signs in the industry that PTT is on its way to becoming a viable product in the marketplace as new textile and carpet products, made from our CORTERRA**Polymers, continue to be launched," said Stan Park, Vice President-PDO/CORTERRA Polymers. Shell is actively discussing various project options with others interested in PTT. * The expression 'Shell Chemicals' refers to the companies of the RoyalDutch/Shell Group which are engaged in the chemical businesses. Each of the companies which make up the Royal Dutch/Shell Group of companies is an independent entity and has its own separate identity. ** CORTERRA is a trademark of the Royal Dutch/Shell Group of companies.The trade designation for CORTERRA is not registered for fibers per se, but is registered for the polymer used to make the fibers.SOURCE Shell Chemical Company Copyright 2001 PR Newswire




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