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Polymers
Styrolution to buy styrenics plants from Total
by Alexander H. Tullo
September 7, 2018
| A version of this story appeared in
Volume 96, Issue 36
Ineos Styrolution will buy a pair of Chinese polystyrene plants from competitor Total for an undisclosed sum. The plants, in Ningbo and Foshan, have a combined capacity of 400,000 metric tons per year. Total says it is selling the plants because its business in China doesn’t have critical mass. Instead it will focus on the U.S. and Europe, markets where it has the number two position in polystyrene. Since 2005, Ineos Styrolution has absorbed the styrenics businesses of BASF, BP, Lanxess, and Nova Chemicals.
Chemical & Engineering News
ISSN 0009-2347
Copyright © 2024 American Chemical Society
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