01 February 2010 15:59 [Source: ICIS news]
HOUSTON (ICIS news)--US refiner Sunoco on Monday said its phenol and derivatives business was not included in its $350m (€252m) deal with Brazil’s Braskem, despite previous indications that the company was looking to divest its entire chemicals unit.
A Sunoco spokesman did not immediately respond to a request for additional comment.
The phenol business has an annual capacity of about 862,000 tonnes. As of 2009, that made it the top phenol producer in ?xml:namespace>
The phenol manufacturing assets are located in
As of last year, Sunoco said it was actively pursuing the sale of its entire chemicals business because of continued underperformance within the segment.
Additional reporting by Heather Doyle
($1 = €0.72)
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