Shell Chemical exits from Sabina Petrochemicals

Shell Chemicals will be giving up its ownership in Sabina Petrochemicals LLC, a joint venture formed by BASF, Total Petrochemicals USA and Shell Chemical LP, effective August 1. The JV operates one of the largest C4 complexes in the world. Effective August 1, 2011, BASF and Total Petrochemicals will be the sole owners of the joint venture. “The change in ownership of the Sabina joint venture marks a milestone in its seven-year history,” said Heidi Alderman, senior vice president, Petrochemicals, BASF Corporation. “This new structure provides a stronger partnership between TPI and BASF and allows us to strengthen the synergies between the Total Port Arthur Refinery, the BFLP (BASF FINA Petrochemicals Limited Partnership) and the C-4 Sabina operation,” said Geoffroy Petit, chief executive officer, TPI Petrochemicals USA, Inc. (August 2, 2011)