Huntsman completes $415m base chems sale

05 November 2007 14:56  [Source: ICIS news]

HOUSTON (ICIS news)--US chemical major Huntsman has closed on the $415m (€286m) sale of its base-chemicals business to Flint Hills Resources, the company said on Monday.

The two companies completed the sale following the successful restart of Huntsman's olefins plant in Port Arthur, Texas.

The sale does not include the captive ethylene unit at Huntsman's plant in Port Neches, Texas.

The base-chemicals transaction was part of a larger $770m deal that included the sale of Huntsman's polymers business to Flint Hills, the company said.

The polymers sale closed in August.

($1 = €0.69)
By: Al Greenwood
+1 713 525 2645

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly