Sunoco completes sale of PP business
By OGJ editors
HOUSTON, Apr. 6 -- Sunoco Inc. has completed the previously announced sale of the stock of its subsidiary Sunoco Chemicals Inc., comprised of its polypropylene (PP) business, to Braskem SA for about $350 million (OGJ Online, Feb. 1, 2010).
Included in the sale were manufacturing facilities in Marcus Hook, Pa.; La Porte, Tex.; and Neal, W.Va., which have the combined capacity to produce about 2.1 billion lb/year of PP. The sale also included a research and technology center located in Pittsburgh, Pa.