Tosco, Union Carbide to form PP venture

Independent refiner Tosco Corp., Stamford, Conn., and chemical giant Union Carbide Corp., Danbury, Conn., have signed a memorandum of understanding to create a 50-50 joint venture to produce and market polypropylene. Tosco unit Tosco Refining Co. will license Union Carbide's Unipol PP process for a 775 million lb/year polypropylene (PP) plant it will build at its Bayway refinery in Linden, N.J. The plant, slated for start-up in first quarter 2000, will produce a full range of homopolymers and random and impact copolymers, says Union Carbide, which will market the new plant's output, along with that of its PP plants at Seadrift, Tex., and Norco, La. The three plants have...

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