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BP to sell its global LPG Bottles and tank filling business

February 08/2012

(bp) -- BP announced today that it intends to sell its LPG bottles and tank filling operations in Portugal, UK, Austria, Poland, Netherlands, Belgium, Turkey, China and South Africa, as well as its non refinery-integrated wholesale business.

Also included in the sale are LPG storage terminals, bottle filling plants, customer lists, operating licences and logistics assets.

The decision follows a review of BPТs LPG portfolio last year. As a result of the review, it was concluded that BP is not the natural owner long term of the LPG bottles and tank filling business.

 



It was felt that the business would offer greater opportunities for other companies wanting to invest allowing BP to continue to focus its refining and marketing businesses where it has leading market positions it can sustain and grow in the long-term.

BP intends to retain its autogas business in Europe and move it into the Fuels Value Chains, and maintain LPG wholesale outlets to support its refinery operations.
The LPG bottles and tank filling activities will continue to be managed as a global business until sold. BP intends to sell the businesses as going concerns and expects significant market interest.


 


mrcplast.com
Author:Anna Larionova
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Category:General News
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