BASF has agreed to sell its share in the 50:50 joint venture Ellba Eastern on Singapore's Jurong Island Singapore for an undisclosed sum to its partner Shell.

The transaction is due to close on Dec. 31.

Started up in 2002, the production facilities with an annual capacity of 250,000 t/y of propylene oxide (PO) and 550,000 t/y of styrene monomer are fully integrated into the Shell site.

In future, Shell will supply propylene oxide to BASF. The German group, world's largest chemical producer, said it remains "globally committed to propylene oxide and its respective value chains."

The Ellba joint venture between Shell and BASF in Moerdijk in the Netherlands, is not affected by the transaction.