MOSCOW (MRC) -- LyondellBasell announced the completion of the sale of its wholly-owned subsidiary Petroken Petroquimica Ensenada S.A. (Petroken) to Grupo Inversor Petroquimica S.L. (GIP) for USD184 million, said Hydrocarbonprocessing.
Petroken operates a 180,000-tpy plant in Ensenada and is a leading polypropylene (PP) producer in Argentina.
The agreement to sell Petroken was first announced in August 2015.
LyondellBasell Industries NV is a manufacturing company. The company produces chemicals, fuels, and polymers used for packaging, clean fuels, durable textiles, medical applications, construction materials, and automotive parts. LyondellBasell Industries operates globally and is headquartered in the Netherlands. LyondellBasell is also a leading licensor of polypropylene and polyethylene technologies. The more than 250 polyolefin process licenses granted by LyondellBasell are twice that of any other polyolefin technology licensor.
MRC