December 19, 2014 11:08 AM ET

Chemicals

Company Overview of Equistar Chemicals, LP

Company Overview

Equistar Chemicals, LP manufactures basic chemicals, polymers, and fuels products in North America. The company operates in two segments, chemicals business segment and polymers business segment. The chemicals business segment produces and markets ethylene, its co-products and derivatives. Ethylene co-products include propylene, butadiene and aromatics, which include benzene and toluene. Derivatives of ethylene include ethylene oxide, ethylene glycol and other derivatives, as well as ethanol. It also produces gasoline blending components such as methyl tertiary butyl ether and alkylate. The polymers business segment produces and markets polyethylene, low density polyethylene, linear low dens...

1221 McKinney Street

Suite 700

Houston, TX 77010

United States

Founded in 1997

3,330 Employees

Phone:

713-652-7200

Fax:

713-652-4151

Key Executives for Equistar Chemicals, LP

Chief Financial Officer
Age: 47
Co-Chairman of Partnership Governance Committee
Age: 58
Member of Audit Committee
Age: 57
Senior Vice President of Fuels & Raw Materials and Senior Vice President of Fuels & Raw Materials for Lyondell
Age: 59
Chief Accounting Officer
Age: 56
Compensation as of Fiscal Year 2014.

Equistar Chemicals, LP Key Developments

U.S. Environmental Protection Agency Issues Final Greenhouse Gas Permit to Equistar Chemicals

The U.S. Environmental Protection Agency (EPA) has issued a final greenhouse gas permit (GHG) to Equistar Chemicals, Corpus Christi, Texas. The permit is the first to be drafted by the Texas Commission on Environmental Quality (TCEQ) and issued by EPA under a program to help to improve permitting efficiency and productivity for applicants in the State of Texas. The joint permitting program it has developed with TCEQ is helping Texas business and keeps a keen eye on protecting the environment. This permit will help build the next generation of olefins plants with better controls of greenhouse gas emissions as well as help grow a more sustainable clean energy economy. Equistar operates a petrochemical plant in Corpus Christi, Texas. The permit is authorizing Equistar to expand and modify an existing plant by building to increase use of ethane as feedstock by increasing furnace firing rates and changing the tubing configuration of the furnaces. In June 2010, EPA finalized national GHG regulations, which specify that beginning on January 2, 2011, projects that increase GHG emissions substantially will require an air permit. EPA is working with Texas to establish authority to issue GHG permits and establish appropriate emissions levels for new or heavily modified GHG sources. These types of emissions, which contribute to climate change, are regulated under the Clean Air Act's provisions to prevent new facilities from significantly decreasing air quality. Texas is working to replace a federal implementation plan with their own State program, which will eliminate the need for businesses to seek air permits from EPA. This action will increase efficiency and allow for industry to continue to grow in Texas. EPA believes states are best equipped to run GHG air permitting programs. EPA has finalized over 32 GHG permits in Texas with an additional 13 permits in final review, prepared to notice 4 additional draft permits, and currently has 20 additional GHG permits under development for Texas industries.

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