No immediate plans by Braskem to affect Sunoco’s La Porte facility

12-Feb-10

Braskem SA, that agreed to acquire Sunoco Inc.’s US polypropylene business, has no immediate plans affecting the company’s La Porte facility. La Porte is Sunoco Chemicals’ largest plant and the one with the most competitive raw material contract, sourcing feedstock from Equistar. Braskem is expected to evaluate this at the time of closure in early April of the US$350 mln deal, which includes two other facilities in Pennsylvania and West Virginia, all operated by Philadelphia-based Sunoco Chemicals Inc. The three plants together account for approximately 13% of installed US polypropylene production capacity. Braskem will take charge of managing the company after the closing and then analyze the plants and its operations in depth to decide on an operational strategy.