Ashurst advises PIC on joint venture
Published by Callum O'Reilly,
Senior Editor
Hydrocarbon Engineering,
International law firm Ashurst advised Petrochemical Industries Co. K.S.C. (PIC) on its joint venture with SKC Co. (SKC), involving the acquisition of a 49% stake in SKC’s chemical business, including propylene oxide (PO) and propylene glycol (PG), and related joint venture arrangements.
PO is a base material for PPG (polyol) used in interior materials for automobiles, and PG is used in cosmetics and medicine.
Lead Partner Simon Fraser said: “We are privileged to have assisted PIC with this important transaction, and the establishment of the strategic joint venture with SKC. The transaction builds further PIC’s capacity in downstream derivatives, and is an important step towards KPC’s 2040 petrochemical strategy.”
Read the article online at: https://www.hydrocarbonengineering.com/petrochemicals/08082019/ashurst-advises-pic-on-joint-venture/
You might also like
The Hydrocarbon Engineering Podcast - Education and training for every phase of the insulating system design process
In this episode of the Hydrocarbon Engineering Podcast, Brandon Stambaugh, Owens Corning Director for Technical Services, joins us to discuss engineers’ demand for education and training to support the critical phases that affect the performance and longevity of insulating systems.
Tune in to the Hydrocarbon Engineering Podcast on your favourite podcast app today.