BETWEENAsset Contribution Agreement • December 12th, 1997 • Lyondell Petrochemical Co • Petroleum refining • Delaware
Contract Type FiledDecember 12th, 1997 Company Industry Jurisdiction
EXHIBIT 10.27 PARENT AGREEMENTParent Agreement • December 12th, 1997 • Lyondell Petrochemical Co • Petroleum refining • Delaware
Contract Type FiledDecember 12th, 1997 Company Industry Jurisdiction
Press Release EXHIBIT 99 [LYONDELL LOGO APPEARS HERE] [MILLENNIUM LOGO APPEARS HERE]Joint Venture Agreement • December 12th, 1997 • Lyondell Petrochemical Co • Petroleum refining
Contract Type FiledDecember 12th, 1997 Company IndustryHouston, Texas, Iselin, New Jersey, and London, England - December 1, 1997 - Lyondell Petrochemical Company (NYSE:LYO) and Millennium Chemicals Inc. (NYSE:MCH) announced today that the joint venture transaction to form Equistar Chemicals LP, combining both companies' olefins and polymers businesses, has been completed. Equistar is now the largest and one of the lowest-cost producers of ethylene and polyethylene in North America. Equistar is owned 57% by Lyondell and 43% by Millennium.