BASF Selling Brazil Polystyrene Unit | September 21, 2009 Issue - Vol. 87 Issue 38 | Chemical & Engineering News
Volume 87 Issue 38 | p. 19 | Concentrates
Issue Date: September 21, 2009

BASF Selling Brazil Polystyrene Unit

Department: Business
Keywords: polystyrene, BASF, Brazil, CBE

BASF has agreed to sell its Brazilian polystyrene business to Brazil’s Companhia Brasileira de Estireno (CBE) for an undisclosed sum. With the transaction, CBE will get a 190,000-metric-ton-per-year polystyrene plant in São José dos Campos, São Paulo. CBE has 120,000 metric tons of styrene capacity in Cubitão, São Paulo, and a 160,000-metric-ton styrene unit in Camaçari, Bahia, which it purchased from Dow Chemical in 2008. BASF recently closed a polystyrene plant in Ludwigs­hafen, Germany, and is selling a South Korean styrene plant to South Korean refiner SK Energy. BASF has wanted to exit the styrenics business since 2007.

 
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