Sunoco to Cut Capital Spending and Looks to Sell Chemicals Business

SUGAR LAND--December 17, 2008--Researched by Industrial Info Resources (Sugar Land, Texas)--Sunoco Incorporated (NYSE:SUN) (Philadelphia, Pennsylvania) is working to sell its chemicals business and plans to reduce capital spending by more than $300 million in 2010 to $545 million, compared with $890 million in 2008. Industrial Info is tracking 47 active projects worth $2.24 billion involving Sunoco as part of our North American Industrial Database.