INDUSTRY BRIEFS

PETROQUISA, petrochemical subsidiary of Brazil's Petroleos Brasileiro SA, sold other minority shareholders its 30.98% interest in the -220,000 ton/year Polisul high density polyethylene plant at Triunfo, Rio Grande do Sul, Brazil. With the $55.4 million sale, the fourth petrochemical complex sale under Brazil's privatization program, Brazilian petrochemical group lpiranga Quimica SA owns a 60% interest in Polisul and Germany's Hoechst 40%.

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