Borealis to buy deXPlastomers from dSM, exxonMobil Chemical

摘要

Borealis announced today that it has reached an agreement to acquire DEXPlastomers (Heerlen, Netherlands), an equally owned joint venture between DSM and ExxonMobil Chemical. DEXPlastomers is a producer of ExxonMobil-process Exact plastomers, and Stamylex octene comonomer linear-low density polyethylene using DSM technology. The company operates a 120,000-m.t./year solution process polyethylene facility at Geleen, Netherlands. The deal, which includes the sale of DSM's linear low-density Compact solution technology, is expected to close in the frst quarter of 2013, subject to approvals. Financial details were not disclosed.