BP-ENICHEM VENTURE TO DOMINATE EUROPEAN POLYSTYRENE MARKET

BP Chemicals and Italy's Enichem have agreed to a joint venture that could make them the European market leaders in polystyrene. Out of a total European market demand of about 2.3 million tons/year, polystyrene market shares are dominated by BASF AG 550,000 tons/year, Atochem and Enichem 450,000 tons/year each, Dow Chemicals 420,000 tons/year, and BP 150,000 tons/year.

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