TITLE

Basell to Acquire Shell Refinery in France

PUB. DATE
August 2007
SOURCE
Chemical Week;8/1/2007, Vol. 169 Issue 26, p5
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that Basell has offered to acquire Shell's refinery at Berre, France for $700 million. The deal is expected to close in early 2008. Basell says it is currently the largest customer of the Berre refinery, buying feedstock to supply olefins and polyolefins plants at the same site. Basell also operates a polyethylene unit at nearby Fos-sur-Mer. The deal forms part of a previously announced plan by Shell to divest all three of its refineries in France.
ACCESSION #
26201307

 

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