BP said it is planning to consolidate the olefins and derivatives (O&D) division of its petrochemicals business into a stand-alone entity separate from the group. The new O&D business will incorporate more than half of the $13 billion of operating capital employed in BP’s petrochemicals portfolio, giving it the scale to be a major independent…
COMPANY: BP selling off its olefins division
Posted on April 29, 2004 by EnergyAsia