Shell Still Excited About PTT

HOUSTON, Jan. 30 /PRNewswire/ — An industry publication recently ran a story saying that Shell
Chemical Company* was not proceeding with a polytrimethylene terephthalate (PTT) project planned
for Altamira, Mexico.This is not accurate. The company is currently looking at various sites,
including Altamira tobuild a plant that would demonstrate Shell and Zimmer AG’s all-melt,continuous
PTT process. Shell’s PTT business development and investment in anew PTT plant remain an integral
part of our strategy to grow the1,3-Propanediol (PDO) business. “We are excited about the long-term
prospects for the PTT business and ourPTT proprietary continuous process technology. We see
positive signs in the industry that PTT is on its way to becoming a viable product in the
marketplace as new textile and carpet products, made from our CORTERRA**Polymers, continue to be
launched,” said Stan Park, Vice President-PDO/CORTERRA Polymers. Shell is actively discussing
various project options with others interested in PTT. * The expression ‘Shell Chemicals’ refers to
the companies of the RoyalDutch/Shell Group which are engaged in the chemical businesses. Each of
the companies which make up the Royal Dutch/Shell Group of companies is an independent entity and
has its own separate identity. ** CORTERRA is a trademark of the Royal Dutch/Shell Group of
companies.The trade designation for CORTERRA is not registered for fibers per se, but is registered
for the polymer used to make the fibers.SOURCE Shell Chemical Company Copyright 2001 PR Newswire