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BASF to sell Seal Sands site in the UK to INEOS Nitriles
Focus on core assets of the polyamide value chain

17 Mar 2008 - BASF SE and INEOS Nitriles announced that they have reached an agreement for INEOS Nitriles to buy the Seal Sands site of BASF plc on Teesside in the United Kingdom. The acquisition is conditional on approval by the relevant competition authorities. The parties agreed not to disclose the acquisition price.
 
The BASF Group company BASF plc has approximately 240 employees at the site; a further 250 people are employed by contractors. All BASF plc personnel will be transferred to INEOS Nitriles, who will also take over existing contracts, supply and service arrangements.
 
The Seal Sands site operates large-scale production facilities for acrylonitrile (AN), adipodinitrile (ADN) and hexamethylenediamine (HMD), as well as for by-products. These chemical intermediates are used in the production of acrylic and polyamide (PA) fibers for clothing and carpets, as well as for acrylonitrile-butadiene-styrene (ABS) and PA plastics for the automotive, electric & electronics and domestic appliance industries.