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Hydro to List or Divest Hydro Polymers

1:10 PM MDT | July 18, 2007 | Chemical Week Editorial Staff

Hydro (Oslo) says it will “list or divest” the company’s petrochemicals business, Hydro Polymers, following the merger of Hydro’s oil and gas activities with Statoil (Oslo). Statoil and Hydro announced the merger last month. Hydro plans to focus on its aluminum activities following that deal, which will create the biggest offshore oil company. The company twice shelved plans earlier this decade to find a buyer for NK5.5-billion/year ($882 million) Hydro Polymers, citing weak markets. It has not mentioned before that it would consider a...

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