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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.

March/April 2010

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