IHS Chemical Week

People & Business :: Companies

Quieting the Rumor Mill

9:43 AM MDT | July 27, 2007 | Robert Westervelt Robw@Chemweek.Com

Three big petrochemical deals scattered across the globe last week provide timely news as the petrochemical industry descends on San Antonio this week for NPRA’s International Petrochemical Conference. In Brazil, Braskem (São Paulo), Petrobras (Rio de Janeiro), and Oxiteno’s parent company the Ultra Group (São Paulo) reached a deal to buy the assets of Ipiranga for about $4 billion (p. 7). In North America and Europe, Nova Chemicals and Ineos announced plans to expand their European styrenics venture to North America, creating a...

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