BASF and Total Petrochemicals remain on board with joint venture
FORHAM PARK, NJ and HOUSTON, TX—Shell Chemical has backed out of a joint venture with BASF Corporation and Total Petrochemicals (TPI).
The Sabina Petrochemicals joint venture runs one of the world’s largest C4 complexes in Port Arthur, Texas.
The facility consists of two plants, including the world’s largest single train butadiene extraction unit. Butadiene is used in the production of rubber and plastics.
As of Aug. 1, BASF and TPI will be the sole partners in Sabina with 60:40 ownership shares. BASF will continue to operate the Sabina plants. The terms of the agreement are confidential.
“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.
The Sabina Petrochemicals LLC C4 complex is adjacent to the BASF FINA Petrochemicals Limited Partnership’s steam cracker and TPI’s Port Arthur refinery.
Houston-based TPI produces polypropylene, polyethylene, polystyrene, styrene, base chemicals and transportation fuels.