1452217--9/17/2010--TPC_Group

related topics

{cost, regulation, environmental}

{condition, economic, financial}

{gas, price, oil}

{customer, product, revenue}

{operation, natural, condition}

{competitive, industry, competition}

{acquisition, growth, future}

{cost, operation, labor}

{property, intellectual, protect}

{personnel, key, retain}

{control, financial, internal}

{system, service, information}

{provision, law, control}

{product, liability, claim}

{stock, price, share}

{debt, indebtedness, cash}

Cyclicality in the petrochemicals industry may result in reduced volumes or operating margins. Our efforts to obtain suitable quantities or qualities of raw material feedstock may not be successful, in which case our financial condition, results of operations and cash flows may be adversely affected. We may not have access to capital in the future due to changes in general economic conditions. Volatility in the petrochemicals industry may result in reduced operating margins or operating losses. Our industry is highly competitive and, if we are unable to compete successfully, our financial condition, results of operations and cash flows will be adversely affected. The loss of a large customer, or failure to retain contracts with an existing customer, could significantly reduce our profitability and cash flows. The loss of a large supplier, or failure to retain contracts with an existing supplier, could significantly reduce our profitability and cash flows. Our organizational documents and investment agreement give certain of our large stockholders the ability to prevent us from taking certain actions that our Board of Directors or a majority of our stockholders determine are in our best interests. We have significant debt, which could adversely affect our ability to operate our business. Global economic conditions may have impacts on our business and financial condition that we currently cannot predict. Our C4 Processing business is subject to seasonality. Our operations and assets are subject to extensive environmental, health and safety laws and regulations. Regulation of GHG emissions may have impacts on our business and financial condition that we currently cannot predict. We are subject to claims associated with our production of MTBE. New regulations concerning the production, transportation, use and disposal of hazardous chemicals and the security of chemical manufacturing facilities could result in higher operating costs. Our operations depend on a limited number of key facilities, and the loss or shutdown of operations at one or more of these facilities would have a material adverse impact on our financial condition, results of operations and cash flows. We may be liable for damages based on product liability claims brought against our customers. Portions of our businesses depend on our intellectual property. If we are not able to protect our intellectual property rights, these businesses could be materially adversely affected. Failure to adequately protect critical data and technology systems could materially affect our operations. Our acquisition strategy may be unsuccessful if we incorrectly predict operating results, are unable to identify and complete future acquisitions, fail to successfully integrate acquired assets or businesses we acquire, or are unable to obtain financing for acquisitions on acceptable terms. Our business may be adversely affected by the loss of senior management personnel. Our efforts to maintain an effective system of internal controls may not be successful, in which case we may not be able to report our financial results accurately or prevent fraud, which could have an adverse effect on our business. If we are unable to complete capital projects at their expected costs and in a timely manner, or if the market conditions assumed in our project economics deteriorate, our business, financial condition, results of operations and cash flows could be adversely affected. A portion of our workforce is unionized, and we may face labor disruptions that could materially and adversely affect our operations. The market price and trading volume of our common stock may be volatile.

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1452217--9/17/2010--TPC_Group_Inc.