BNET Industries
Last Fiscal Year Sales:$1.5B
- Private
- US
Dow Jones Description
Millennium Inorganic Chemicals ("MIC") (www.millenniumchem.com) is a wholly-owned subsidiary of Cristal. "TASNEE," a Saudi major diversified company with chemicals and petrochemicals operations, owns 66 percent of Cristal, while 33 percent of Cristal is owned by Gulf Investment Corporation ("GIC"), an investment house established in Kuwait by the GCC countries.
Senior Vice President
Peter HanikNumber of Employees 749
Peer Companies
NAICS Code Support Activities for Coal Mining: 213113
News & Analysis
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millennium chemicals inc. and occidental petroleum corp. - All News and Analysis
Millennium Chemicals declines to acquire Occidental's interest in Equistar. (Industry News).(Brief Article)
- 2002-07-01
RED BANK, N.J. -- Millennium Chemicals announced that it will not exercise its right to purchase Occidental's interest in Equistar on a ratable basis. Also, following the closing of Lyondell Chemical Co.'s purchase of Occidental Petroleum Corp.'s interest in Equistar, Millennium's indemnity of collection relating to...
Lyondell to acquire Oxy's stake in Equistar. (Petrochemicals).(Lyondell Chemical Co.; Occidental Petroleum Corp.; Equistar Chemicals L.P.)(Brief Article)(Statistical Data Included)
- 2002-02-06
LYONDELL CHEMICAL SAYS IT HAS reached a deal to acquire Occidental Petroleum's Oxy 29.5% share in Equistar in exchange for a 21% stake in Lyondell. Oxy will also receive warrants to purchase additional shares in Lyondell, and a payment of as much as $35 million depending on...
Millennium to Exit Equistar.
- 1999-08-30
LYONDELL CHEMICAL Company has indicated to analysts in New York that it is in negotiations with Occidental Petroleum and Millennium Chemicals concerning Millennium's planned divestiture of its 29.5 percent stake in Equistar. Lyondell owns 41 percent of the JV, and Occidental owns 29.5 percent. ...
Allspach Outlines Reasons For Equistar's Initial Success.
- 1999-03-29
IN DECEMBER 1997, Equistar Chemicals LP was formed when assets of Lyondell Petrochemical Company and Millennium Chemicals merged. Five months later, Occidental Petroleum's petrochemical division came aboard. Today the Houston-based firm is a $7 billion company that has 18 major...
- 1
Decision Makers
| Name (plus bio) | Position |
|---|---|
| Peter Hanik | Senior Vice President |
| Amy N Drusano | Manager, Communications |
| Jack Lushefski |
Extensive management background in many disciplines including general management, research & development, manufacturing, information technology, e-business, quality, and health-safety-environmental. Strong and effective leader able to establish vision and strategy and build consensus across functions to achieve the organization's goals, as well as developing new products, negotiating and managing licenses, joint ventures, and all intellectual property matters. Mr. Hanik most recently was Senior Vice President of Ideation International, has held positions of Senior Vice President Technology, Millennium Chemicals; President and CEO, Millennium Petrochemicals; Vice President Chemicals & Supply Chain, Quantum Chemical; Vice President Reengineering and Information Systems, Quantum Chemical. Mr. Hanik holds a B.S. in Chemical Engineering from Illinois Institute of Technology and an MBA from the University of Chicago.
| Organization | Position | Status |
|---|---|---|
| Millennium Chemicals | Senior Vice President | Current |
| Pretium | Managing Director | Current |
| Outcompete | Managing Partner, Pretium Consulting Services, Llc | Current |
| Information Systems Inc | CEO | Former |
| Information Systems Inc | President | Former |
| Ideation International, Inc. | Senior Vice President | Former |
| Millennium Chemicals | Regional Sales Manager | Former |
| University of Chicago | MBA | Former |
| Illinois Institute of Technology | B.S. In Chemical Engineering | Former |
| Organization | Position | Status |
|---|---|---|
| Millennium Chemicals | Manager, Communications | Current |
| Organization | Position | Status |
|---|---|---|
| Millennium Chemicals | Current | |
| The Pennsylvania State University | B.S. Degree | Former |
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| Chevron |  |
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