TWO COMPANIES' UNITS SET BIG PETROCHEM MERGER

Royal Dutch/Shell and Montedison SpA plan a megamerger of most of their polyolefins assets this year. The move will create an equally owned company with revenues of about $3 billion/year and production capacities of 3.3 million metric tons/ year of polypropylene and 700,000 metric tons/year of polyethylene. The new company will control 18% of world polypropylene production capacity and own the rights to "the most revolutionary technology for polyethylene production," although controlling only a

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