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BASF to sell shares in Singapore JV Ellba Eastern

by ChemOrbis Editorial Team -
  • 19/12/2014 (11:15)
According to market sources, Germany-based BASF and Shell have reached an agreement whereby BASF’s shares in their Singapore-based joint venture Ellba Eastern will be sold to Shell. The financial value of the agreement was not disclosed and the deal is expected to close by December 31.

Ellba’s plant at Jurong Island, which is operated by Shell, has a production capacity of 550,000 tons/year of styrene and 250,000 tons/year of propylene oxide. After the acquisition, Shell will continue to meet BASF’s propylene oxide supply needs.
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