HURRICANE

KATRINA UPDATE
11757 Katy Freeway, Suite 750 Telephone +1 (281) 531-4660
CMAI Houston, Texas 77079 Fax +1 (281) 531-9966
www.cmaiglobal.com August 31, 2005

Details regarding the impact and devastation caused by hurricane Katrina are still
emerging, and damage appears to be much worse than first thought. The information
provided in this update represents CMAI’s best understanding of the impact of the
hurricane on the refineries and the petrochemical industry. The included maps show
the hurricane’s path and major petrochemical sites affected by the storm.

Transportation to and from the area is also causing problems. There is no barge
movement on the Mississippi River south of Geismar (see map). Railroads from the
affected areas are closed going east. However, those on the east side of the Missis-
sippi River are also going to face difficulties if moving products by rail either north
or west.

Finally, a waiver has been issued for all 50 states for EPA standards for gasoline and
diesel fuels. According to the announcement by the head of the Environmental Pro-
tection Agency, Stephen Johnson, letters have been sent to the governors of all states
indicating that temporary relief from volatility and sulfur standards are being lifted.
These waivers are effective through September 15, 2005.

In addition to the information provided in following tables, all vinyls facilities on the
Gulf Coast have restarted. Lost production is estimated at three to four days; how-
ever, on-going operations are subject to energy and raw material supply and transpor-
tation availability.

Most Chlor-alkali units have now restarted or are in the process of restarting. At this
time, CMAI estimates that the amount of lost production has the potential to increase
due to a lack or raw material availability and logistics issues as the plants indicated
below come back on line. Please see the table below for more details.

This table will be updated as more information becomes available.

This report is for the exclusive use of the client company. Distribution outside of the client company is
strictly prohibited without the prior written consent of Chemical Market Associates, Inc. (CMAI).

The prices presented herein are strictly the opinion of CMAI and are based on information collected within the
public sector and on assessments by CMAI staff. CMAI MAKES NO GUARANTEE OR WARRANTY AND
ASSUMES NO LIABILITY AS TO THEIR USE. © Copyright CMAI 2005 All Rights Reserved
 Hurricane Katrina Update

Hurricane Katrina Update

U.S. Gulf Coast Steam Cracker Operating Schedule Update

Ethylene
Company Location Capacity, MMPPY Action

Williams Geismar, LA 1380 Shut Down; Start-Up Expected by 2-Sep

Dow Taft, LA 1350 Shut Down

Dow Taft, LA 850 Shut Down

ChevronPhillips Pascagoula, MS 86 Shut Down

Shell Norco, LA 1950 Shut Down

Shell Norco, LA 1400 Shut Down

Gulf Liquids Geismar, LA 200 Reported Shut Down

ExxonMobil Baton Rouge, LA 2149 Reported at Reduced Rates

Dow Plaquemine, LA 1110 Reduced Rates

Dow Plaquemine, LA 1630 Reduced Rates

U.S. Gulf Coast Refinery Operating Schedule Update

RG Propylene
Company Location Capacity, MMPPY Action
ExxonMobil Chalmette, LA 370 Shut Down

ChevronTexaco Pascagoula, MS 370 Shut Down

Motiva Convent, LA 400 Shut Down

Motiva Norco, LA 540 Shut Down

Murphy Oil Mereaux, LA 140 Shut Down

ExxonMobil Baton Rouge, LA 1300 Reduced Rates

Shell Mobile, AL None Shut Down

ConocoPhillips Alliance, LA 510 Shut Down

Marathon Ashland
Petroleum Garyville, LA 700 Shut Down
Reportedly in Recycle Mode
Placid Port Allen, LA 70 No Production

Valero Krotz Srings, LA 150 Reduced Rates

Valero Norco, LA 470 Shut Down

August 31, 2005 Page 2 ~

 Hurricane Katrina Update
U.S. Gulf Coast Butadiene Unit Operating Schedule Update

Butadiene
Company Location Capacity, MMPPY Action
Shell Norco, LA 575 Shut Down

U.S. Gulf Coast Benzene Unit Operating Schedule Update

Benzene
Capacity,
Company Location MMGallons Action
Chalmette LLC Chalmette, LA 52 Shut Down (Flooded)

ChevronPhillips Pascagoula, MS 180 Shut Down (Flooded)

ConocoPhillips Alliance, LA 62 Shut Down (Flooded)

Dow Plaquemine, LA 225 Reduced Rates

ExxonMobil Baton Rouge, LA 120 Reduced Rates

U.S. Gulf Coast Mixed Xylenes Unit Operating Schedule Update

Mixed Xylenes
Capacity,
Company Location MMGallons Action
Chalmette LLC Chalmette, LA 80 Shut Down (Flooded)

ChevronPhillips Pascagoula, MS 158 Shut Down (Flooded)

ConocoPhillips Alliance, LA 59 Shut Down (Flooded)

ExxonMobil Baton Rouge, LA 135 Reduced Rates

U.S. Gulf Coast Styrene Unit Operating Schedule Update

Styrene Capacity,
Company Location MMPPY Action
COSMAR Geismar, LA 2536 Restarting
ChevronPhillips Donaldsonville, LA 2101 Shut Down

U.S. Gulf Coast Polyethylene Unit Operating Schedule Update

Polyethylene
Company Location Capacity, MMPPY Action
Dow Taft 1600 Shut Down

August 31, 2005 Page 3 ~

 Hurricane Katrina Update
U.S. Gulf Coast Polypropylene Unit Operating Schedule Update

Polypropylene
Company Location Capacity, MMPPY Action
Dow Norco, LA 500 Shut Down
Pinnacle Polymers Garyville, LA 900 Shut Down

U.S. Gulf Coast MEG Unit Operating Schedule Update

MEG Capacity,
Company Location MMPPY Action
BASF Geismar, LA 49 Shut Down
Dow Taft 1700 Shut Down
Shell Geismar, LA 970 Shut Down

U.S. Gulf Coast Ethylene Oxide Unit Operating Schedule Update

Ethylene Oxide
Company Location Capacity, MMPPY Action
BASF Geismar, LA 485 Shut Down
Shell Geismar, LA 750 Shut Down
Dow Taft 1700 Shut Down

U.S. Gulf Coast Chlorine Unit Operating Schedule Update

Chlorine
Capacity, -000-
Company Location Short Tons Action
OxyChem Convent, LA 370 Shut Down
OxyChem Geismar, LA 487 Shut Down
OxyChem Mobile, AL 50 Shut Down
OxyChem Muscle Shoals, AL 158 Shut Down
OxyChem Taft, LA 715 Shut Down
Pioneer St. Gabriel, LA 197 Shut Down; Restart Status Unknown

U.S. Gulf Coast Phenol Unit Operating Schedule Update

Phenol Capacity,
Company Location MMPPY Action
Georgia Gulf Plaquemine, LA 500 Shut Down
Ineos Phenol Mobile, AL 1190 Shut Down

August 31, 2005 Page 4 ~

August 31, 2005

(Louisiana & Mississippi)

ExxonMobil Baton Rouge

Chevron
Placid Port Allen
Pascagoula
Williams / Gulf Liquids
Geismar

Hurricane Katrina Update

Dow Marathon
Plaquemine Garyville

Motiva ExxonMobil Chalmette

Page 5

Convent Murphy Meraux

ConocoPhillips Alliance
Shell Norco
Dow Norco
Valero St. Charles
Dow Taft

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August 31, 2005

(New Orleans Area)

Shell Norco Levee Failures

Dow Norco
Valero St. Charles

Hurricane Katrina Update

ExxonMobil Chalmett
Murphy Meraux
Page 6

Dow Taft French Quarter

Superdome

ConocoPhillips Alliance

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