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/

McKinsey’s redesigned Global Energy Perspective reveals rising demand and emerging hurdles affecting the pace of the energy transition

Tuesday 17 September 2024 12:00

Renewables projected to grow up to 80%; hydrogen demand revised down by up to 25%, fossil fuels set to ‘plateau’ rather than peak.

You might also like