Nihon Oxirane Equity Holding to Be Transferred to Sumitomo Chemical

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02 Dec 2013 15:47 Jane Roberts

CHEMMONITOR.COM - Sumitomo Chemical Co., Ltd. (Japan) is expected to obtain LyondellBasell’s (the Netherlands) stake in Nihon Oxirane Co., Ltd (NOC). NOC is a JV incorporated by LyondellBasell (40%) and Sumitomo Chemical Co., Ltd. (60%) in August 1972.

NOC produces 425, 000 tonnes per year of styrene monomer (SM), 181, 000 tpy of propylene oxide (PO) and 100, 000 tpy of propylene glycol (PG).

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