Shell and BASF plan polyolefins JV

11/15/1999
Royal Dutch/Shell and BASF AG are negotiating a deal to combine their polyolefins businesses into a 50-50 joint venture with a combined turnover of more than $6 billion/year.The companies anticipate that a deal could be ready for signature by yearend. The combine would be based in the Netherlands and would be the world's largest producer of polypropylene and the fourth largest polyethylene maker.The plan is apparently driven by a need to cut unit costs in the face of overcapacity and low margins in the European petrochemicals sector.The JV would comprise the assets of Shell's Montell subsidiary, BASF's Targor JV, and the Shell/BASF Elenac combine. Montell is wholly owned by Shell...
read-story

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.

 

Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected