SABIC acquires Huntsman's European base chemicals and polymer business
The acquired manufacturing business operates a 865 ktpa ethylene/ 400 ktpa propylene cracker and 1.3 million tpa Aromatics facilities with elaborate logistical facilities at Wilton and North Tees. The 400 ktpa LDPE plant, which is in the early stages of construction, is scheduled to come on stream by the end of 2007.
Subject to the usual regulatory approvals, including merger control and UK Pension Regulator clearance, the transaction is expected to close by the end of 2006.
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