Joint ventures changing petrochemical sectors in US, Europe

A flurry of joint-venture deals is changing the landscape of petrochemical sectors in Europe and the US.The European Commission (EC) cleared a proposed JV between Spain's Repsol-YPF SA group subsidiary Repsol Química SA and Danish thermoplastics and petrochemicals feedstock company Borealis AS.Meanwhile, BP and Belgian company Solvay SA signed a preliminary deal to form two polymer JV, and swap other polymer-related assets.Repsol-YPF, Borealis JVEC said the 50-50 Repsol-YPF-Borealis JV, which will bring together the two companies' polyolefins businesses and related assets on the Iberian Peninsula, "does not raise any competition concerns."Borealis is jointly owned by the Norway...

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