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Petrochemicals

Sasol will divest another polymer asset

by Alexander H. Tullo
November 27, 2020 | A version of this story appeared in Volume 98, Issue 46
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Sasol will sell Ineos its 50% interest in the companies’ polyethylene joint venture, Gemini HDPE, for $400 million. The high-density polyethylene plant, inside Ineos’s Battleground Manufacturing Complex in La Porte, Texas, started up in 2017 and was already operated by Ineos. This is Sasol’s second recent divestiture. Last month, the company announced the $2 billion sale to LyondellBasell Industries of a 50% interest in two recently completed polyethylene plants and an ethylene cracker at its complex in Lake Charles, Louisiana.

Chemical & Engineering News
ISSN 0009-2347
Copyright © 2024 American Chemical Society

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