EU considers augmented asset disposal plan for INEOS/Solvay JV

11 March 2014 17:28 Source:ICIS News

LONDON (ICIS)--INEOS and Solvay have added to a list of potential asset disposals in a bid to win approval for their proposed polyvinyl chloride (PVC) joint venture, and the measures are currently under consideration by European Commission competition authorities, the companies said on Tuesday.

Legacy PVC assets in Beek, the Netherlands, and Mazingarbe, France, remain on the table for disposal, as do the chlor-alkali, ethylene dichloride (EDC) and vinyl chloride monomer (VCM) operations at Tessenderlo, Belgium.

Assets in Schkopau, Germany, have been removed from the divestment package, but PVC and VCM operations at Wilhelmshaven are newly-included.

EDC and chlorine assets in Runcorn, UK, have also been listed as a potential divestment, the companies said. The original remedy package was announced in late February.

A final decision on the joint venture, which would involve combining INEOS and Solvay’s PVC operations into a joint-owned company, is expected on 16 May.

By Tom Brown