Texas Petrochemicals changes name to TPC Group Inc.

TPC Group Inc. (TXPI), formerly Texas Petrochemicals Inc., today announced that it has changed its name to TPC Group Inc. effective January 22, 2010. The Company's new name reflects the increasing breadth and scope of its product lines and the value-added services it provides to its customers and suppliers and will not affect any contractual obligations.

In addition to the name change, the Company has also announced that its registration statement, which was filed with the Securities and Exchange Commission on November 25, 2009 pursuant to Section 12 of the Securities Exchange Act of 1934 , was deemed effective January 24, 2010. Going forward, the Company intends to file with the Commission and make available to the investor community customary Exchange Act reports, including annual reports on Form 10-K, quarterly reports on Form 10-Q and 8-K filings. 

"The name change to TPC Group Inc. and the effectiveness of the Company's registration statement mark a major achievement," said Charlie Shaver, the Company's President and CEO. "These milestones, combined with our ongoing efforts to evaluate and pursue a listing on one of the major U.S. stock exchanges, should provide our investors, customers, suppliers and employees with enhanced disclosure and visibility of the Company as well as a path to improved liquidity." 

TPC Group Inc. is a leading producer of value-added products derived from niche petrochemical raw materials such as C4 hydrocarbons. The Company sells its products into a wide range of performance, specialty and intermediate markets, including synthetic rubber, fuels, lubricant additives, plastics and surfactants. Headquartered in Houston, Texas, and with an operating history of over 68 years, the Company has manufacturing facilities in the industrial corridor adjacent to the Houston Ship Channel, Port Neches and Baytown, Texas and operates a product terminal in Lake Charles, Louisiana.

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