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Markets :: Basic Chemicals :: Petrochemicals :: Butadiene
Shell Exits Sabina Butadiene JV, Making BASF and Total Sole Owners
3:12 PM MDT | August 8, 2011 | —LINDSEY BEWLEY
Shell Chemicals has sold its 60% stake in the Sabina Petrochemicals butadiene joint venture at Port Arthur, TX, leaving BASF and Total Petrochemicals as the sole partners with 60-40 ownership. BASF will continue to operate the Sabina plants. Sabina began operation at its 905-million lbs/year butadiene extraction unit in Port Arthur in 2004, and ownership was 60% Shell Chemicals, 24% BASF, and 16% by Total. The site is adjacent to BASF and Total’s steam cracker joint venture and Total’s Port Arthur refinery. The Sabina facility consists of two...
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