DuPont Packaging and Industrial Polymers announced a long-term agreement under which Millennium Petrochemicals Inc. will purchase all vinyl acetate monomer ...

DuPont Packaging and Industrial Polymers, Wilmington, DE, announced a long-term agreement under which Millennium Petrochemicals Inc. will purchase all vinyl acetate monomer (VAM) produced at DuPont's LaPorte, TX, plant, excluding VAM used by DuPont for internal consumption, beginning Jan. 1, 2001. Millennium Petrochemicals, a unit of Millennium Chemicals Inc., will market DuPont-manufactured VAM worldwide. Also under the agreement, Millennium Petrochemicals' 1-billion-pounds-per-year acetic acid plant in LaPorte will supply acid to DuPont for VAM production. Millennium said the agreement is consistent with its strategy to expand its core acetic acid and VAM businesses.