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BASF to sell 25% stake of SolVin PVC venture in Germany to Solvay

July 06/2015

MOSCOW (MRC) -- BASF, the world's petrochemical major, has sold its 25% share in the joint venture SolVin to Solvay, according to the German chemicals company's announcement.

The transaction took place on July 1, 2015. Financial details were not disclosed.

In addition, BASF says it has reached agreements with Solvay and Inovyn to continue to supply BASFs site in Antwerp with basic chemicals.

As MRC informed earlier, in September 2014, BASF announced the start-up of a new butadiene extraction plant at its Verbund site in Antwerp, Belgium. The plant has an annual production capacity of 155,000 metric tons.

SolVin was established in 1999 as a 75-25 joint venture between Solvay and BASF in the area of polyvinyl chloride (PVC).


mrcplast.com
Author:Margaret Volkova
Tags:PVC, BASF, Solvay, Solvin, Germany, Netherlands.
Category:General News
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