03.06.2011 • Newsacrylonitrile butadiene styreneAMSANASA

BASF, INEOS Win EU Approval For Plastics Joint Venture

German chemicals company BASF  has won regulatory approval from the European Union for a styrene joint venture with peer INEOS, the European Commission said on Wednesday.

The EU's executive said that it had given its blessing for the joint venture in styrenes, such as polystyrene, on condition that some activities were sold.
"The proposed transaction, as initially notified on April 7, would have created a very strong player in a market where concentration is already high," the Commission said in a statement.

"To remedy the Commission's concerns, the parties offered to divest part of INEOS' ABS production business thus reducing the overlap."

Acrylonitrile-butadiene-styrene (ABS) is used in computer keyboards and steering wheel covers.

 

Interview

Stability in Motion
Strategic Response to a Shifting Pharma Landscape

Stability in Motion

Stefan Oelrich, Member of the Board of Management and President Pharmaceuticals, Bayer, discusses navigating external volatility, reshaping its internal structures, and investing in future-ready capabilities to ensure sustainable growth.

Innovation Pitch

The Start-up Platform for Chemistry & Life Sciences
Discover Tomorrow’s Innovators

The Start-up Platform for Chemistry & Life Sciences

CHEManager Innovation Pitch supports innovation in the chemistry and life sciences start-up scene. The platform allows founders, young entrepreneurs, and start-ups to present their companies to the industry.

most read

Photo
28.07.2025 • NewsChemistry

VCI Welcomes US-EU Customs Deal

The German Chemical Industry Association (VCI) welcomes the fact that Ursula von der Leyen, President of the European Commission, and US President Donald Trump have averted the danger of a trade war for the time being.