Marangoni

By TT News| Oct 21, 2020

Arlanxeo to sell olefins business to Mitsubishi

Arlanxeo will sell its olefins business to Mitsubishi as the olefins business does not fit with the former’s strategic focus.

The transaction is expected to close in the first half of 2021.

Arlanxeo’s olefins business produces butadiene and raffinate, and is located at the Bio-Industrial Park Sarnia in Ontario, Canada.  Mitsubishi expects to continue operations in Sarnia, with existing olefins employees transferring from Arlanxeo to Mitsubishi.  Both companies are confident that the olefins business will develop and grow under Mitsubishi's ownership in the future.

 

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