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Business

Basell to Buy Shell Refinery in France

August 6, 2007 | A version of this story appeared in Volume 85, Issue 32
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Basell has agreed to purchase Royal Dutch Shell's refinery at the Berre-l'Etang petrochemical complex near Marseille, France, for $700 million. The major customer for the refinery is the ethylene cracker at the complex, a one-time joint venture between Basell and Shell that Basell bought out last year. Last month, Basell announced it was acquiring Lyondell Chemical, which operates a refinery in Houston.

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