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Markets :: Plastics :: Polystyrene

BASF and Ineos Offer to Divest Plant to Gain EU Approval for Styrolution JV

4:43 AM MDT | May 18, 2011 | Natasha Alperowicz

BASF has confirmed that BASF and Ineos have offered the EU Commission to sell one plant to gain regulatory approval from the commission for their Styrolution styrenics joint venture. The commssion has extended the deadline for its approval from May 18 to June 1, after "BASF offered commitments." BASF declined to disclose details as discussions with the commission continue.   The two companies last year announced plans to combine their styrenics operations into an equally owned joint...

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