Editing Amoco (section)

=== Business expansion ===
In the late 1950s and early 1960s, Indiana Standard began to diversify its assets. It again led the way with scientific and technological discoveries.{{citation needed|date=April 2021}} Indiana Standard discovered [[Terephthalic acid|PTA]], a chemical for [[polyester]] fiber production.<ref>{{Cite web |title=STANDARD OIL of INDIANA - History in short |url=https://www.aukevisser.nl/others/id880.htm |access-date=2022-04-25 |website=www.aukevisser.nl}}</ref> In 1968, following that discovery, Indiana Standard acquired the Avisun Corporation and Patchogue-Plymouth, forming the Amoco Fabrics and Fibers Company.<ref>{{Cite journal |date=August 2, 1968 |title=FTC News Summary |journal=FTC News Summary |issue=31}}</ref> By 1992, the company was trying to sell off its yarn factories in Alabama and Georgia.<ref>{{Cite web |date=June 20, 1992 |title=AMOCO WILL SELL SOME ASPHALT LINES TO CITGO |url=https://www.nytimes.com/1992/06/20/business/company-news-amoco-will-sell-some-asphalt-lines-to-citgo.html |access-date=October 25, 2024 |website=The New York Times}}</ref>

The company's Amoco Foam Products subsidiary made polystyrene cups, plates, carrying trays and other products. The division was sold to [[Tenneco]] in June 1996.<ref>{{Cite web |date=June 27, 1996 |title=$310 MILLION FOR AMOCO CONTAINER UNIT |url=https://www.nytimes.com/1996/06/27/business/company-news-310-million-for-amoco-container-unit.html |access-date=October 25, 2024 |website=The New York Times}}</ref>