Carmel Olefins Acquires PP Capacity

Carmel Olefins (Haifa, Israel), a 50-50 joint venture of Israel Petrochemical Enterprises and Oil Refineries (ORL; Haifa), and Israel Petrochemical Enterprises (IPE), says it has agreed to acquire a 49% stake in Domo’s (Gent-Zwijnaarde, Belgium) 180,000-m.t./year polypropylene (PP) plant at Rozenburg, the Netherlands. Terms were not disclosed. The plant generates annual sales of about €176 million, ORL...

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