SOURCE: Industrial Info Resources

December 17, 2008 07:00 ET

Sunoco to Cut Capital Spending and Looks to Sell Chemicals Business, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - December 17, 2008) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Sunoco Incorporated (NYSE:SUN) (Philadelphia, Pennsylvania) is working to sell its chemicals business and plans to reduce capital spending by more than $300 million in 2010 to $545 million, compared with $890 million in 2008. Industrial Info is tracking 47 active projects worth $2.24 billion involving Sunoco as part of our North American Industrial Database.

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Industrial Info Resources (IIR) is a marketing information service specializing in industrial process, energy and financial related markets with products and services ranging from industry news, analytics, forecasting, plant and project databases, as well as multimedia services. For more information, send inquiries to refininggroup@industrialinfo.com or visit us online at www.industrialinfo.com.

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