US Petrologistics files for $600m initial public offering

21 June 2011 14:59  [Source: ICIS news]

HOUSTON (ICIS)--US petrochemicals firm Petrologistics on Tuesday filed a registration statement with securities regulators to raise $600m (€420m) in an initial public offering.

In its prospectus, Houston-based Petrologistics said it plans to list its shares on the New York Stock Exchange under the ticker symbol “PDH”.

Petrologistics owns and operates the world's largest propane dehydrogenation facility to processes propane into propylene, the company added.

($1 = €0.70)

By: Stefan Baumgarten
+1 713 525 2653

AddThis Social Bookmark Button

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