- Written on 07.11.2013 - Industry
- You have these options:
CHINA: Chevron Phillips Chemical divests Chinese PS assets to Grand Astor
"The PS plant is a productive and valued asset, but as a standalone operation for Chevron Phillips Chemical in China, the company has determined the asset is not a strategic fit," explained Dan Coombs, senior vice president of specialties, aromatics and styrenics.
"We look forward to working with the buyer to enable a smooth ownership transition for both employees and customers," Coombs added.
The plant was started up in November 2000 with 100,000 t/y of PS capacity. Current capacity and terms of the transaction were not disclosed.
Source: Weekly "PetroChemical News", Durham, NC, USA; 4 Nov 2013
(Syed Rashid Ali, karachi, Pakistan)
Are you new here? Do you want to be always up to date?
Then subscribe to our RSS Feeds and never miss a news again.
More news can be found in the Archive
According to Chem-Trend, color or material changes in the ...
Among the many exhibits at the stand of Austrian injection ...
MDC Engineering builds and sells salt bath production lines ...
Krahn Chemie and Sinopec Europa Handels GmbH have agreed to ...
Chevron Phillips Chemical Co. said it has completed the sale ...
Chemical giants Bayer, Lanxess, Evonik Industries, Henkel, ...
Chain Yarn Co., the nation’s fourth-largest nylon maker, has ...
"We are in talks with North American companies to build a ...
Borouge is seeking to increase its customer base by ...
Oman Gas Company (OGC) is preparing to make a strategic ...
PT Chandra Asri Petrochemical (TPIA), the country’s largest ...
Formosa Plastics Group (FPG), Taiwan's largest industrial ...
"We are in talks with North American companies to build a ...