Industry: Private equity

My Turn – Commentary on Global Polyolefins and Elastomers – A New Revolution Coming up in Polyolefins – Olefin Block Copolymers – Dr. Balaji B. Singh Olefin Block Copolymers – The Next Product Offering from the Polyolefin Innovators? The concept of olefin copolymers (random, and/or block, segmented, reproducible, homopolymer-based, copolymer based, stereospecific, etc.,) has been […]

My Turn – Commentary on Global Polyolefins and Elastomers – Dr. Balaji B. Singh India – China Opportunities and Reactions of people who visit for the first time With PlastIndia just completed and ChinaPlas around the corner, the thoughts turn to the media coverage of the plastics industry and life in these countries. It has […]

Qatar Petrochemical and Total plan petrochemicals complex Qatar Petrochemical Company announced the signing of a contract with Total to build a petrochemical plant at a cost of $1.2 billion to produce polyethylene in the state. Qatar Petrochemical Company Limited will own 63 percent of the project while Total would own 36 percent and Qatar Petroleum […]

BP’s olefins & derivatives unit, Innovene to be acquired by INEOS BP announced its plans to sell Innovene, its olefins, derivatives, and refining group, to UK-based INEOS. The $9 billion cash sale, subject to regulatory approvals, includes all of Innovene’s manufacturing sites, markets, and technologies. The sale is expected to be concluded early in 2006 […]

FlexPO2005 Rescheduled for March 15-17, 2006 in Singapore – Mark Your Calendars We greatly appreciate the continued patronage of FlexPO2005. The program scheduled for September, 21-23, 2005 in Galveston, Houston, TX had to be re-scheduled due to hurricane Rita – an act of God, or God’s middle managers. We are rescheduling the program to March […]

Formosa Plastics Plans Initial Public Offering Formosa Plastics Group announced its plans to merge four US units and sell shares in the combined entity in an Initial Public Offering. The IPO will combine PVC/polyolefins maker Formosa Plastics Corp. USA with plastic pipe producer J-M Manufacturing Co. Inc. and Nan Ya Plastics Corp. The company plans […]

Private equity firms Access Industries and The Chatterjee Group to acquire Basell The long protracted and much-speculated sale of Basell was finalized. The investment group led by New York-based The Chatterjee Group, along with the New York-based Access Industries acquired the assets and operations of Basell for approximately $5.7 billion US Dollars. It is expected […]

Exxon to sell Tonen stake in retreat from Japan Exxon Mobil plans to sell most of its 50 percent stake in Japanese refiner TonenGeneral Sekiyu KK and unload other assets in Japan in a roughly $5 billion deal, sources with knowledge of the matter said. The deal will mark a retreat from the world’s third-largest […]