ARLANXEO sells olefins business to Mitsubishi Corp.

Published by Nicholas Woodroof, Editor
Hydrocarbon Engineering, Friday, 16 October 2020 16:30

ARLANXEO Canada Inc., a subsidiary of the Saudi Arabian Oil Co., and Diamond Petrochemicals Canada Corp., a subsidiary of Japan’s Mitsubishi Corp., have announced the execution of an agreement between the companies, where ARLANXEO will sell its olefins business to Mitsubishi.

ARLANXEO's olefins business produces butadiene and raffinate, and is located at the Bio-Industrial Park Sarnia in Ontario, Canada. Mitsubishi expects to continue operations in Sarnia, with existing olefins employees transferring from ARLANXEO to Mitsubishi.

The transaction is subject to customary closing conditions, including required regulatory approvals. Closing is expected in 1H21.

Read the article online at: https://www.hydrocarbonengineering.com/petrochemicals/16102020/arlanxeo-sells-olefins-business-to-mitsubishi-corp/

The Hydrocarbon Engineering Podcast - Insights into the UN Global Plastics Treaty negotiations

In this episode of the Hydrocarbon Engineering Podcast, Rob Benedict, Vice President, Petrochemicals and Midstream, American Fuel & Petrochemical Manufacturers (AFPM), discusses the outcomes of the final round of UN negotiations for a Global Plastics Treaty.

Tune in to the Hydrocarbon Engineering Podcast on your favourite podcast app today.