BP PLC is putting up for sale its Decatur, Ala., petrochemicals complex as part of a broader reorganization of the company’s global petrochemicals business.
The company says its “refocused petrochemicals strategy is pursuing a competitively advantaged portfolio through world-scale, low-cost facilities that utilize BP proprietary technology including the production of purified terephthalic acid, or PTA, a key raw material in the production of polyester.”
BP acquired the Decatur complex in the 1998 merger with Amoco. The facility's 50th anniversary was this year.
