Strategic Chemical Management Group News

Dow Chemical And Union Carbide To Merge In Transaction Valued At $11.6 Billion Creates Leading Global Chemical Company With Major Growth Opportunities
The Dow Chemical Company and Union Carbide Corporation today announced that their boards of directors have approved a definitive merger agreement for a tax-free, stock-for-stock transaction. Under the agreement, Union Carbide shareholders will receive 0.537 shares of Dow for each share of Union Carbide they own.

MERCADO^TM and OnDisplay Team to Provide a Complete Electronic Catalog Solution
Print catalog merchants can quickly take advantage of the e-catalog revolution thanks to a new e-catalog development solution from Mercado^TM Software, Inc., and OnDisplayŽ, Inc. The two companies have joined in a strategic partnership to eliminate the expensive and time-consuming process of manual data transformation and consolidation that has discouraged many companies from making the move to the Web.

Pakhoed Shareholders Give Vopak Green Light
The extra ordinary meeting of shareholders of Royal Pakhoed decided today in favor of the legal merger with Royal Van Ommeren and Vopak N.V. as described in the text of the merger proposal dated September 28, 1999.

Paymentech Announces Level Three Details
More and more of your top-tier suppliers are providing enhanced data with your MasterCard Corporate Purchasing Card transactions every day. To support your card program, these suppliers have made changes such as terminal upgrades or integration to their point of sale system to provide "Level II" or "Level III" data.

Four Steel Mills Start Up Praxair's CoJet^TM Gas Injection System
Praxair, Inc. today announced start-up of its patented CoJet^TM gas injection system at four steel mills: CSC Ltd., Ohio; Global Steel and Wire S.A., Spain; SiderPotenza SpA., Italy; and Siderca S.A., Argentina.

PSEG Global to Build Environmentally "Clean" Coal-Fired CHP Plant in Poland
PSEG Global announced that through its majority shareholding in Elektrocieplownia Chorzow ELCHO Sp z o.o. (ELCHO) it plans to build a combined heat and power (CHP) plant of 220 MWe and 500MWt capacity utilizing circulating fluidized bed (CFB) technology in Poland.

ERM CVS Offers Brochure on ISO 14001 Certification Services
A brochure from ERM Certification and Verification Services (ERM CVS) explains how ISO 14001 certification can help a company transform environmental management within its organization.

PSEG Global Acquires Majority Stake of Italian Power Development Company
PSEG Global announced today that it has completed the acquisition of 70% of Prisma 2000, a power project development company in Italy. The acquisition gives PSEG Global majority control of the company that includes over 550MW of power projects (Biomass/Hydro/Gas) either in development or under construction.

Praxair to Build Oxygen Plant at Valero Refinery
Praxair, Inc. today announced an agreement with Valero Energy Corporation valued at $20 million that nearly doubles its oxygen supply to Valero's Houston refinery with a new, non-cryogenic oxygen generating plant.

Exxon Receives Award for Inventing 3-D Seismic Exploration From Society of Exploration Geophysicists
Exxon Corporation today announced that it has received the prestigious Distinguished Achievement Award from the Society of Exploration Geophysicists (SEG) for the invention and development of 3-D seismic exploration.