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Ineos to Buy BASF's Seal Sands, U.K. Site
8:30 AM MDT | March 13, 2008 | Kerri Walsh
Ineos says it has agreed to buy BASFâ€™s Seal Sands, U.K. site. Financial terms of the deal were not disclosed. BASF produces acrylonitrile (AN), adipodinitrile (ADN) and hexamethylenediamine (HMD), along with by-product plants at Seal Sands. The deal excludes BASFâ€™s HMD and ADN plants, BASF says. BASF will continue to own the HMD plant, but Ineos will operate the unit for BASF. ADN will be produced at Seal Sands until the plant is shut down at the end of 2008, under BASFâ€™s previously announced plans (CW, June, 20, 2007, p. 5). BASF produces about 230,000...
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