PIE-TICKER
Basell to take Repsol's half of Petroken
Basell (www.basell.com), Hoofddorp / The Netherlands, has agreed to take over the 50% share held by Spanish partner Repsol (www.repsolypf.com), Madrid, in the Argentine joint venture Petroquimica Ensenada (Petroken; www.petroken-pesa.com.ar) . The jv operates a 180,000 t/y PP plant, a 20,000 t/y compounding facility and a propylene splitter at Ensenada. Basell said the takeover, which will expand its "asset footprint" in key growth regions such as South America, will have "no impact" on Petroken's operations.
22.03.2005 Plasteurope.com [11410]
Published on 22.03.2005