18.11.2013 • NewsBASFBraskemIneos

Braskem and Styrolution Weigh Brazilian JV

Styrolution, the 50:50 joint venture of Ineos and BASF, has signed a memorandum of understanding with Brazilian petchems giant Braskem for a styrenics joint venture in Brazil.

Together the two companies plan to explore the feasibility of installing a 100,000 t/y plant for ABS and SAN, with products to be supplied to the household appliance and automotive sectors.

The proposed jv would be owned to 70% by Styrolution and 30% by Braskem. The start of production of the styrenic polymers has been penciled in for 2017.

 

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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.