IHS Chemical Week

Regions :: Southeast Asia :: Indonesia

BP Sells Malaysian Petrochemical Business to Petronas

2:03 AM MDT | September 1, 2010 | Natasha Alperowicz

BP says it has agreed to sell its interests in ethylene and polyethylene (PE) assets in Malaysia to its partner Petronas. Under the terms of the deal, BP will sell its 15% stake in Ethylene Malaysia Sdn Bhd (EMBS) and its 60% share in Polyethylene Malaysia Sdn Bhd (PEMSB), both of which are operated by Petronas and are located at Kerteh on the east coast of Malaysia. The company says its other businesses in Malaysia are not affected. Petronas will pay $363 million in cash to BP, inclusive of balance sheet adjustment of $13 million and the repayment of a...

This information is only available to Chemical Week subscribers.


Forgot your user ID or password?
Click here to have it sent to you.

Not an IHS Chemical Week subscriber yet?

Here's why you should be:

  • 31 issues of Chemical Week magazine a year in print or digital format
  • Real time news and analysis on chemweek.com 
  • 20+ years of online archives
  • Topical e-newsletters that capture the most impactful events
  • Special issues with a regional or company focus
  • Global Outlook issue

Subscribe now


contact us | about us | customer care | privacy policy | sitemap | advertise

ihsCopyright © 2015 IHS, Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa