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Business

BASF Sells Korean Styrene Facility

by Jean-François Tremblay
August 10, 2009 | APPEARED IN VOLUME 87, ISSUE 32

BASF will sell a styrene plant to South Korean refiner SK Energy. Idled since October 2008, the 320,000-metric-ton-per-year facility is within an SK Energy complex in Ulsan, South Korea. BASF says it will continue to produce polystyrene and acrylonitrile-butadiene-styrene in South Korea by obtaining the styrene feedstock from other sources. The German company says the sale is part of an effort to improve its styrenics business amid a global supply glut.

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