Industry News

BASF to sell surfactants manufacturing site to Clear Lake Chemicals

BASF has entered into a definitive agreement to divest its surfactants manufacturing site in Clear Lake, TX, in an asset sale to Clear Lake Chemicals LLC (CLC) of Pasadena, TX. CLC is a wholly-owned subsidiary of Gulf Bayport Chemicals LP. Completion of the divestiture is subject to certain conditions and approvals, and was expected to be completed by Dec. 31, 2009.

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