Lyondell to Market MTBE on ChemConnect

18-Feb-2003

Lyondell Chemical Company, the world's leading marketer of MTBE, has announced that, starting in February 2003, it will market its MTBE through ChemConnect. In addition to ChemConnect, Lyondell will continue to market MTBE through existing direct and third-party sales channels.

Lyondell will regularly feature postings on the trading site. Product can be offered from North-West Europe on an FOB/FCA basis for barge or rail tank cars.

"Our main objectives for marketing MTBE through an electronic platform such as ChemConnect are to increase price transparency, transact sales in future months, and offer an additional sales channel for our customers," says Lyondell's European MTBE Trader, Murray Barter. "We are making this commitment towards these objectives, and we invite others to join this medium now to ensure its success. We are pleased with the performance of the new ChemConnect site which offers participants real-time dealing within a pre-approved environment."

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