Planned Chemical Plant Maintenance Turnaround Activity Stays on Course for 2008

SUGAR LAND--July 16, 2008--Researched by Industrial Info Resources (Sugar Land, Texas)--More than 220 maintenance turnarounds are planned at CPI plants during the second half of this year, with an estimated value of $521 million. The largest individual turnarounds planned during the remainder of the year include the nearly 30-day turnaround of a low density polyethylene unit located in Baytown, Texas, owned by Chevron Phillips Chemical Company LLC (The Woodlands, Texas), a joint subsidiary of Chevron Corporation (NYSE:CVX) (San Ramon, California) and ConocoPhilips (NYSE:COP) (Houston, Texas). Sterling Chemicals Incorporated (OTC:SCHI) (Houston, Texas) is planning a three to four week maintenance turnaround of its acetic acid unit in Texas City, Texas, during the third quarter of this year.