LyondellBasell to Sell PP Producer Petroken
LyondellBasell, Houston, Texas, USA, announced the completion of the sale of its wholly-owned subsidiary Petroken Petroquimica Ensenada S.A., a leading polypropylene producer in Argentina, to Grupo Inversor Petroquímica S.L. (GIP), Madrid, Spain, for USD184 million. Petroken operates a 180 kiloton plant in Ensenada and will continue to operate until the sale closes.
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