02 July 2012 21:53 [Source: ICIS news]
HOUSTON (ICIS)--Brazil's petrochemical major Braskem on Monday announced the purchase of a propylene splitter at Sunoco's mothballed Marcus Hook refinery in Pennsylvania.
The 178,000 bbl/day refinery was shut down in December 2011 because of poor economics.
Braskem said the acquisition would guarantee feedstock supply for its polypropylene (PP) operations in the region.
No financial details were disclosed.
A splitter uses refinery-grade propylene (RGP) to make higher-purity polymer-grade propylene (PGP), which is used as a feedstock for PP production.
Braskem acquired Sunoco's PP assets in 2010 for $350m (€277m).
The sale included Sunoco facilities in Pennsylvania, Texas and West Virginia.
($1 = €0.79)
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