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Braskem: Brazilian group buys Sunoco´s PP activities

The ink has not yet dried on Braskem's (São Paulo / Brazil; www.braskem.com) takeover of Quattor (São Paulo; www.quattor.com.br) and already the Brazilian group is dominating the news again. On 1 February 2010, Braskem CEO Bernardo Gradin announced that the group had acquired the PP activities of US oil company Sunoco (Philadelphia, Pennsylvania; www.sunocoinc.com) at a cost of USD 350m.

In buying the Sunoco Chemicals division, Braskem will acquire three PP plants, in La Porte (Texas), Marcus Hook (Pannsylvania) and Neal (West Virginia). Together, these three sites produce about 950,000 t/y of PP, some 13% of total US capacity.

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