Belgian chemicals firm Solvay is buying the Ryton PPS (polyphenylene sulphide) business from US-based petrochemical company Chevron Phillips Chemical for US$220 million. This includes a facility in Texas, its pilot plant along with R&D laboratories in Oklahoma, and a compounding plant in Kallo-Beveren, Belgium. Chevron Phillips's compounding unit in La Porte, Texas, will provide temporary tolling services to Solvav.
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