Sector News

BASF Sells Stake in Singapore Joint Venture to Shell

December 18, 2014
Chemical Value Chain
BASF SE and Royal Dutch Shell PLC (RDSA.LN) have reached an agreement for the sale of the German chemical company’s 50% stake in their Singapore joint venture ELLBA Eastern to the oil group, BASF said Thursday.
 
The joint venture, which is operated by Shell, produces styrene monomer and propylene oxide. Financial details of the transaction weren’t disclosed.
 
The ELLBA joint venture between Shell and BASF in Moerdijk, the Netherlands, isn’t affected by the transaction.
 
By Friedrich Geiger
 
Source: Wall Street Journal

Related News

April 10, 2021

Croda’s Iberchem to acquire French fine fragrance firm for $53 million

Chemical Value Chain

This is the first acquisition by Iberchem since it was acquired by Croda in November 2020 and it is expected to play an important role in Iberchem’s plan to increase its offering of sustainable and natural certified fragrances.

April 10, 2021

ICL to Acquire South American Plant Nutrition Business from Compass Minerals

Chemical Value Chain

ICL, a leading global specialty minerals and specialty chemicals company, has entered into a definitive agreement to acquire Compass Minerals América do Sul S.A. for approximately $402 million.

April 10, 2021

OMV flags upturn in petchem margins after year of declines

Chemical Value Chain

OMV says its European petrochemical net margins in the first quarter of 2021 rose sequentially compared with the fourth quarter, reversing momentum after four previous periods of declining margins.

Send this to a friend