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People & Business :: M&A

Braskem Acquires Marcus Hook Propylene Splitter to Support its PP Business

11:42 AM MDT | July 3, 2012 | Natasha Alperowicz

Braskem, the leading polypropylene (PP) producer in the U.S., said Monday that it has acquired the propylene splitter assets at Sunoco's former refinery at Marcus Hook, PA, as well as securing feedstock supplies from multiple sources which ensure continuing operations at the site. Braskem, as part of the agreement, will process propylene in the splitter for use in its adjacent PP plant. Braskem says the agreement is an important step in preserving the viability of its Marcus Hook PP facility.   "We are very pleased to complete this transaction and...

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