DuPont will Sell VAM to Millennium Petrochemicals

DuPont Packaging and Industrial Polymers recently announced a long-term agreement by which Millennium Petrochemicals Inc. will purchase vinyl acetate monomer (VAM) produced at DuPont's LaPorte, TX, plant, beginning January 1, 2001. The agreement covers all VAM produced by DuPont at LaPorte, excluding VAM used by DuPont for internal consumption.

Millennium Petrochemicals, a wholly owned subsidiary of Millennium Chemicals Inc., is a large VAM producer in North America, with 800 million pounds per year of capacity at LaPorte, Texas. Millennium will market DuPont-manufactured VAM worldwide, using Millennium's existing distribution network. Millennium's resulting total VAM sales are expected to exceed 1 billion pounds per year.

DuPont manufactures VAM for its own consumption in the production of "Elvanol" polyvinyl alcohol (PVA) and ethylene vinyl acetate (EVA), as well as other ethylene copolymers.

DuPont delivers science-based solutions that make a difference in people's lives in food and nutrition; health care; apparel; home and construction; electronics; and transportation.

For more information: Chip Fogg, DuPont Packaging and Industrial Polymers. Tel: 302-992-6660.