Save Article Instructions
Close 

El Paso sells interest in Montreal plant

By OGJ editors

HOUSTON, Mar. 23 -- El Paso Corp. said an indirect subsidiary has sold its 51% interest in Coastal Petrochemical LP, which operates a Montreal paraxylene plant, and associated working capital to Petro-Canada for $74 million.

El Paso obtained the interest as part of its $24 billion merger with Coastal Corp. in 2001 (OGJ Online, Jan. 29, 2001).


To access this Article, go to:
http://www.ogj.com/content/ogj/en/articles/2005/03/el-paso-sells-interest-in-montreal-plant.html