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Business
Styrolution Gets Government Stamp
by Alexander H. Tullo
June 6, 2011
| A version of this story appeared in
Volume 89, Issue 23
The European Commission has approved the Styrolution styrenic polymers joint venture between Ineos and BASF. The new partnership will make styrene, polystyrene, acrylonitrile-butadiene-styrene (ABS), and other styrene copolymers and block copolymers. It would have had sales of $9.2 billion in 2010. To win the commission’s approval, the partners agreed to sell an ABS plant in Tarragona, Spain, that would have generated about 3% of the venture’s earnings. BASF and Ineos will retain their respective expandable polystyrene businesses. Launch of the venture is expected by the end of the year.
The power is now in your (nitrile gloved) hands
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