Sunoco completes sale of PP business

Sunoco Inc. has completed the previously announced sale of the stock of its subsidiary Sunoco Chemicals Inc., comprised of its polypropylene (PP) business, to Braskem SA for about $350 million (OGJ Online, Feb. 1, 2010).

By OGJ editors
HOUSTON, Apr. 6
-- Sunoco Inc. has completed the previously announced sale of the stock of its subsidiary Sunoco Chemicals Inc., comprised of its polypropylene (PP) business, to Braskem SA for about $350 million (OGJ Online, Feb. 1, 2010).

Included in the sale were manufacturing facilities in Marcus Hook, Pa.; La Porte, Tex.; and Neal, W.Va., which have the combined capacity to produce about 2.1 billion lb/year of PP. The sale also included a research and technology center located in Pittsburgh, Pa.

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