18 December 2001 17:54 [Source: ICIS news]
LONDON (CNI)--European polyolefins producer Basell plans to raise the proportion of feedstocks taken from its parent companies Shell and BASF by improving the integration of the polypropylene (PP) activities.
A Basell spokeswoman said Tuesday that Basell plans to reposition its PP assets in Europe towards integrated sites so that it can take more feedstock from BASF and Shell. The North American assets will also benefit from a more integrated supply from BASF and Shell, she added.
Shell announced plans yesterday to further backward integrate Basell, which it owns equally with BASF. It said Basell is expected to take more than 70% of its feedstocks from its parent compared with current levels of 50%.
Basell's polyethylene (PE) integration with its shareholders is already at the 70% level, said the spokeswoman.
She declined to reveal the current integration level for PP or details about how the PP integration would be improved.
Shell also confirmed yesterday that Basell has been forced to mothball 10% of polypropylene (PP) capacity.
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