CPChem Completes Acquisition of Belgian PAO Plant

Chevron Phillips Chemical (CPChem) says it has completed the acquisition of a polyalphaolefin (PAO) plant at Beringen, Belgium from Neste Oil. “The addition of this plant to our existing production capabilities enables us to better service the growing demand for PAOs that are used in high performance lubricants and other applications,” says Dennis Holtermann, general manager/normal alpha olefins and PAOs for CPChem. The purchase price was not disclosed but Neste says the “divestment will have a minor positive impact” on results. The plant...

This information is only available to Chemical Week subscribers.

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

Email Address First Name Last Name

Not an IHS Chemical Week 24/7 member yet? Here's why you should be: Searchable online archive access of the last 2 years of Chemical Week. Print or digital magazine subscription Price and market change alerts Economic data and statistics Buyers' Guides Webcasts | whitepapers