EQUISTAR CHEM: Has $3M Accrued at 3Q08 for Future Cleanup Costs

Equistar Chemicals, LP, as of Sept. 30, 2008, had an accrued liability of US$3 million for future environmental remediation costs, compared with US$4 million as of Dec. 31, 2007.

In the opinion of the Company’s management, there is no material estimable…

EQUISTAR CHEM: Tex. Environmental Breaches Suit Resolved in 3Q08

Equistar Chemicals, LP, has resolved a lawsuit filed in December 2006 by the State of Texas for alleging past violations of various environmental regulatory requirements at the Company’s Channelview, Chocolate Bayou and La Porte, Texas facilities.

The lawsuit, filed in the…