BP sells its petrochemical business to INEOS for $5B

Anadolu Agency | Jun 29, 2020 at 4:45 PM
  • BP’s petrochemicals business is focused on aromatics and acetyls and has 14 manufacturing plants in Asia, Europe and the US.
  • Aromatics provide the building blocks that are fundamental to fibers, films and packaging for the global polyester industry.
  • Acetyls support a wide variety of downstream food flavoring and preservation industries, including pharmaceuticals, paints, adhesives, and packaging.