The Plaza Group has been chosen by Equilon Enterprises LLC to continue to serve as its exclusive marketer of nonene, a chemical intermediate used in the production of plasticizers, detergents and coatings. The $60 million long-term contract will extend the agreement The Plaza Group reached with Texaco in 1994 prior to the formation of Equilon, which was created to bring together major parts of Shell’s and Texaco’s Western and Midwestern refining and marketing businesses and their nationwide transportation and lubricants businesses.
Randy Velarde, President of The Plaza Group, commented on the contract saying, “We are pleased with this contract renewal which provides for the continuation of the existing long-term relationship with one of our original customers. Equilon has consistently provided us with a stream of quality products.”
Headquartered in Houston, Equilon Enterprises LLC is a U.S. joint venture between Texaco and Shell Oil Company. Equilon refines and markets Shell- and Texaco-branded products in 32 western and midwestern states and includes Shell’s and Texaco’s nationwide transportation and lubricants businesses. For more information on Equilon, visit the company’s web site at www.equilon.com.