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Basell buys 50% stake in Argentina's Petroken from Repsol YPF
13 Sep '05
2 min read
Advanced polyolefins products maker Basell has acquired ownership of the 50% portion of Argentina's Petroken Petroquimica Ensenada that was formerly held by its partner in the joint venture, Repsol YPF.
Manuel Fraga, Senior Vice President of Basell International said that they are very pleased that they have expanded their investment in Argentina, which is in line with their ongoing portfolio management in South America and will allow building upon business activities in this key growth region.
Petroken operates a 180 KT per year polypropylene plant, a 20 KT per year compounding facility and a propylene splitter in Ensenada. The acquisition will have no impact on Petroken's operations, its leadership or its staffing.
In addition to being the world's largest producer of polypropylene, Basell is the largest producer of advanced polyolefin products, a leading supplier of polyethylene and catalysts, and a global leader in the development and licensing of polypropylene and polyethylene processes. Basell, together with its joint ventures, has manufacturing facilities around the world and sells products in more than 120 countries.
Polypropylene producer Basell is a supplier of polyethylene and catalysts, and a global leader in the development and licensing of polypropylene and polyethylene processes. Basell has its corporate centre in The Netherlands and has regional offices in Belgium, Germany, the United States, Brazil and Hong Kong, as well as sales offices in the major markets around the globe.
Manuel Fraga, Senior Vice President of Basell International said that they are very pleased that they have expanded their investment in Argentina, which is in line with their ongoing portfolio management in South America and will allow building upon business activities in this key growth region.
Petroken operates a 180 KT per year polypropylene plant, a 20 KT per year compounding facility and a propylene splitter in Ensenada. The acquisition will have no impact on Petroken's operations, its leadership or its staffing.
In addition to being the world's largest producer of polypropylene, Basell is the largest producer of advanced polyolefin products, a leading supplier of polyethylene and catalysts, and a global leader in the development and licensing of polypropylene and polyethylene processes. Basell, together with its joint ventures, has manufacturing facilities around the world and sells products in more than 120 countries.
Polypropylene producer Basell is a supplier of polyethylene and catalysts, and a global leader in the development and licensing of polypropylene and polyethylene processes. Basell has its corporate centre in The Netherlands and has regional offices in Belgium, Germany, the United States, Brazil and Hong Kong, as well as sales offices in the major markets around the globe.
Basell
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