18 December 2014
ABOUT ELLBA EASTERN
ELLBA Eastern started production in 2002.
The plant is fully integrated into the Shell site
on Jurong Island, Singapore, and
has an annual capacity of
* 250,000 metric tons of propylene oxide and
* 550,000 metric tons of styrene monomer.
DETAILS
BASF and Shell
have reached an agreement for
BASF to sell its share in
the 50-50 joint venture ELLBA Eastern,
Jurong Island, Singapore to Shell.
The joint venture, which is operated by Shell,
produces styrene monomer and propylene oxide.
Financial details of the transaction were not disclosed.
Closing is planned for December 31, 2014.
BASF remains globally committed to propylene oxide
and its respective value chains. Therefore,
as part of the agreement,
BASF and Shell have signed a supply contract to
provide BASF with
the necessary volumes of propylene oxide.
The ELLBA joint venture between Shell and BASF
in Moerdijk, the Netherlands,
is not affected by the transaction.
WWW.CHEMWINFO.COM BY KHUN PHICHAI
