ExxonMobil Chemical acquires rest of polyethylene plant

By OGJ editors

HOUSTON, Oct. 4 -- ExxonMobil Chemical Co. has acquired the remaining 50% interest in the Cie. Industrielle des Polyethylenes de Normandie (CIPEN) plant in Notre Dame de Gravenchon, France, from Basell Polyolefins Co., a 50:50 joint venture of Shell Chemicals Ltd. and Germany's BASF AG.

The acquisition, effective Oct. 1, gives ExxonMobil Chemical full ownership of the plant, which manufactures linear low-density polyethylene (LLDPE) resins. Details of the deal were not provided.

Related Articles

ExxonMobil ‘winding down’ Arctic well, complying with US, EU sanctions on Russia

09/19/2014 ExxonMobil Corp. released a statement that the company is complying with all US sanctions on Russia after news reports that the operator had halted...

ExxonMobil, Linn to make second asset exchange this year

09/19/2014 ExxonMobil Corp. has agreed to trade interest in 500 net acres from South Belridge field near Bakersfield, Calif., to Linn Energy LLC, Houston, in ...

ExxonMobil plans upgrade at Norwegian refinery

09/03/2014 ExxonMobil Corp. subsidiary Esso Norge AS is planning to install a residual flash tower designed to replace heavy fuel oil production at its 6 mill...

Earnings, revenues down for OGJ150 in 2013; liquids output, reserves up

09/01/2014 The combined earnings of the OGJ150 group declined 3.03% during 2013 to $88.1 billion. The group's revenues for the year were also down 7.32% from ...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected