Yokogawa Selected by Chevron Phillips Chemical for USGC Petrochemicals Project

Tokyo, Japan - November 14, 2013

Yokogawa Electric Corporation announced today that it has been selected as the Main Automation Contractor for Chevron Phillips Chemical Company LP's (Chevron Phillips Chemical) USGC Petrochemicals Project. The project was first announced in March 2011 and will include a 1.5 million metric tons/year (3.3 billion pounds/year) ethane cracker and two new polyethylene facilities, each with an annual capacity of 500,000 metric tons (1.1 billion pounds).

The ethane cracker will be built at Chevron Phillips Chemical's Cedar Bayou plant in Baytown, TX, and two polyethylene units will be built at a site in Old Ocean, TX near Chevron Phillips Chemical's Sweeny plant. The USGC Petrochemicals Project is expected to commence construction in early 2014 and create approximately 400 long-term direct jobs and 10,000 engineering and construction jobs.

"We are proud to be part of one of the first grass roots ethylene and polyethylene plants to be built in the U.S. in a very long time," says Chet Mroz, President and CEO of Yokogawa Corporation of America.

As the Main Automation Contractor for the project, Yokogawa will supply the control systems, safety systems, remote instrument enclosures, and the analyzer shelters and analytical systems. The control system platform will be based on Yokogawa's highly reliable CENTUM^® VP integrated production control system. While CENTUM VP is classified as a distributed control system (DCS), it goes beyond a traditional DCS by offering a more intuitive human machine interface and a large-capacity field control station to process data faster while maintaining exceedingly high reliability. The dual-redundant configuration of processor cards combined with pairing each processor card with two CPUs (pair & spare configuration) ensures uninterrupted operations and high availability.

About Yokogawa Corporation of America

Yokogawa Corporation of America is the North American division of Yokogawa Electric Corporation and a key part of Yokogawa's global network of 25 manufacturing facilities, 4 regional large project engineering centers, and 88 companies spanning 55 countries. Yokogawa Corporation of America is headquartered in Sugar Land, TX and has over 1000 employees providing Industrial Automation Engineering Services, Analytical Products development and Integration Services in Sugar Land and Coldspring TX, Instrument Manufacturing in Newnan, GA and sales, services and engineering facilities in Mexico and Canada. For more information about Yokogawa, please visit our website www.yokogawa.com/us.

About Yokogawa

Yokogawa's global network of 88 companies spans 55 countries. Founded in 1915, the US$4 billion company conducts cutting-edge research and innovation. Yokogawa is engaged in the industrial automation and control (IA), test and measurement, and other businesses segments. The IA segment plays a vital role in a wide range of industries including oil, chemicals, natural gas, power, iron and steel, pulp and paper, pharmaceuticals, and food. For more information about Yokogawa, please visit the company's website www.yokogawa.com