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10-Oct-2005 - BP announced that it is to sell Innovene, its olefins, derivatives and refining group, to UK-based INEOS. The $9 billion cash sale, subject to regulatory approvals, includes all Innovene's manufacturing sites, markets and technologies. The sale is expected to be concluded early in 2006 at which ...
28-Sep-2005 - BP is planning a second world-scale PTA (purified terephthalic acid) plant at their BP Zhuhai Chemical Company Limited (BP Zhuhai) site in Guangdong Province, China. BP Zhuhai, a joint venture between BP (85 per cent) and Fu Hua Group (15 per cent), currently operates a 350,000 tonnes a year ...
01-Jul-2005 - BP, Sinopec and Shanghai Petrochemical Company, the three parties in the SECCO joint venture, celebrated the successful construction and commissioning of the $2.7bn SECCO manufacturing site at a ceremony in Shanghai, following a decade-long collaboration. The 220-hectare SECCO facility, the ...
13-Jun-2005 - Castrol, the lubricant brand of the BP group, and Dong Feng Group announced that they are to form a joint venture company to supply lubricants to the growing Chinese market. The new company, Dong Feng-Castrol Lubricant Co., Ltd, will be based in Wuhan, in Hubei Province, the largest city in ...
20-May-2005 - BP and NOVA Chemicals Corporation announced they have signed binding agreements to merge their European styrenic polymers businesses into a 50:50 Joint Venture. As previously announced in November 2004, the transaction to form the Joint Venture will be cashless. The Joint Venture will be named ...
20-Apr-2005 - BP announced plans to invest more than $130 million on new clean diesel facilities at its Whiting, Indiana refinery. With the addition of a new Distillate Hydrotreater (DHT), the refinery will produce additional supplies of ultra low sulfur diesel fuel that meets or exceeds all on-road diesel ...
14-Apr-2005 - Praxair, Inc. has finalized an agreement with BP whereby Praxair will supply hydrogen to BP's Whiting, Indiana, refinery over a 20-year period. Praxair will build a new hydrogen plant with a capacity of 20 million cubic feet per day in order to supply the hydrogen to BP and other customers in ...
23-Mar-2005 - BP announced that the name of its new olefins and derivatives subsidiary will be Innovene. Innovene will be formed as a separate entity within the BP Group in April, with more than $9 billion in assets and $15 billion in third-party sales globally. The new company will be headquartered in Chicago ...
17-Mar-2005 - BP and Sinopec/YPC announced in Beijing that they had signed a joint venture contract to build a 500,000 tonne per year acetic acid plant in Nanjing, Jiangsu province. Located in Nanjing, at the heart of the Yangtzi Delta this world-scale joint venture is expected to be on stream in the second ...
21-Jan-2005 - BP and Helm AG have signed an agreement on the marketing and sales of all BP's acetone with effect from 1st February 2005. The transfer of BP's acetone business to Helm AG will ensure continuity of supplies to customers who will benefit from Helm's extensive logistics and its worldwide sales and ...
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