Sunoco To Sell Polypropylene Business
Sunoco Inc., Philadelphia, has agreed to sell its polypropylene (PP) business subsidiary Sunoco
Chemicals Inc. to Braskem S.A., Brazil, for approximately $350 million. The sale will include
Sunoco's PP manufacturing plants in Marcus Hook, Pa.; La Porte, Texas; and Neal, W.Va., which
combined have an annual production capacity of approximately 2.1 billion pounds of PP. The sale is
expected to be completed by March 31.