Shell leaves BASF, Total C4 joint venture in US

01 August 2011 20:26  [Source: ICIS news]

HOUSTON (ICIS)--Shell has left a C4 joint venture in the US that includes BASF and Total Petrochemicals, the companies said on Monday.

The joint venture, called Sabina Petrochemicals, operates a C4 complex in Port Arthur, Texas. The complex includes the world's largest single-train butadiene (BD) extraction unit and an indirect alkylation unit.

Shell left the joint venture effective on Monday, the companies said. With Shell gone, BASF will have a 60% stake in the venture, and Total Petrochemicals the remaining 40%.

BASF will continue operating the Sabina complex.

The complex is next to a steam cracker operated by BASF FINA Petrochemicals and a refinery operated by Total Petrochemicals.

The new structure of the Sabina joint venture should allow it to strengthen its synergies with those two neighbouring plants, according to a statement by Total petrochemicals CEO Geoffroy Petit. 

Meanwhile, BASF and Total plan to continue investing in the Sabina complex to make the most of its production capacity, according to a statement by BASF senior vice president, petrochemicals, Heidi Alderman.

For more on BD visit ICIS chemical intelligence
For more on BASF, Total or Shell visit ICIS company intelligence

By: Al Greenwood
+1 713 525 2645

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