London +4420 814 42225
Moscow +7495 543 9194
Kiev +38044 599 2950
info@mrcplast.com

Our Clients

Order Informer

 
Home > News >
 

Arlanxeo sells Canada olefins business to Mitsubishi Corp.

October 16/2020

MOSCOW (MRC) -- Arlanxeo is selling its Canadian olefins business, which produces butadiene and raffinate in Sarnia, Ontario, to Mitsubishi Corp. for an undisclosed sum. Arlanxeo expects the deal to close in the first half of 2021, said Chemweek.

Mitsubishi Corp. intends to continue operations in Sarnia and to retain the associated employees. Arlanxeo, a producer of synthetic rubber, will continue to produce butyl rubber at Sarnia.

Arlanxeo has 120,000 metric tons/year of butadiene capacity and 150,000 metric tons/year of butyl rubber capacity at Sarnia. The company is a wholly-owned subsidiary of Saudi Aramco.

Ethylene and propylene are feedstocks for producing polyethylene (PE) and polypropylene (PP).

According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 1,496,500 tonnes in the first eight months of 2020, up by 5% year on year. Shipments of all ethylene polymers increased, except for linear low desnity polyethylene (LLDPE). At the same time, PP shipments to the Russian market reached 767,2900 tonnes in the eight months of 2020 (calculated using the formula - production minus exports plus imports - and not counting producers' inventories as of 1 January, 2020). Supply increased exclusively of PP random copolymer.


mrcplast.com
Author:Anna Larionova
Tags:PP, PE, ethylene, propylene, Arlanxeo (Lanxess), Mitsubishi Chemical.
Category:General News
|
| More

Leave a comment

MRC help

 


 All News   News subscribe