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/