Home / Knowledge / News / Textiles / Set up of BASF TOTAL Petrochemicals LLC
Set up of BASF TOTAL Petrochemicals LLC
06
Sep '12
BASF Corporation and Total Petrochemicals & Refining USA, Inc. (TPRI) announced the companies have signed agreements relating to the merger of two joint ventures and the change of the name of the merged venture to BASF TOTAL Petrochemicals LLC for the companies’ Port Arthur, Texas, joint operations. This consolidates the joint ventures that were formerly known as BASF FINA Petrochemicals Limited Partnership and Sabina Petrochemicals LLC.

 “This structure change was done to simplify the joint venture operations into one legal entity that reflected the current ownership of the facility," said Heidi Alderman, Senior Vice President of BASF's North American Petrochemicals Business. “BASF and TPRI remain strongly committed to the Port Arthur facility and will invest significant capital in the site over the next few years.”
 
BASF retains 60 percent ownership in the joint venture and TPRI retains 40 percent.
 
 The original joint venture was created in September 1997, when BASF and Fina Oil and Chemical Company (now TPRI) formed a limited partnership to build the naphtha steam cracker in Port Arthur. 
 
At the Port Arthur site there was also a tri-venture named Sabina Petrochemicals LLC between Shell, BASF and TPRI that operates one of the world’s largest C4 complexes. Shell exited the venture on August 1, 2011, leaving BASF and TPRI as sole members with the same ownership shares (60 percent and 40 percent) as in the BASF FINA Petrochemicals joint venture. 
 
“The new name reflects the strong partnership between TPRI and BASF as well as reinforces the commitment to strengthen the synergies between the two facilities,” said Geoffroy Petit, Vice President, Refining and Base Chemicals for Total Petrochemicals & Refining USA, Inc.

BASF Corporation

Must ReadView All

Textiles | On 25th Mar 2017

GST to positively impact retail value chain: CBRE

The implementation of the Goods and Services Tax (GST) bill in India...

Textiles | On 25th Mar 2017

MEGlobal to build first ever US MEG plant

Monoethylene glycol (MEG) producer MEGlobal plans to construct a new...

Courtesy: Ulster Carpet

Textiles | On 25th Mar 2017

Ulster Carpets acquires Griffith Textile Machines

Northern Ireland based manufacturer of carpets, Ulster Carpets said...

Interviews View All

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search