BP has put its petrochemicals complex in Decatur, Alabama, up for sale, the company announced today. BP said the plant, which can produce one million tons per year of purified terephthalic acid (BP), no longer fits in with its strategy of focusing on world-scale, low-cost facilities. The Decatur plant became part of BP’s portfolio in 1998 when the British firm merged with Amoco.
BP is spending $200 million to upgrade its Cooper River, South Carolina, plant and that facility’s sister plant in Geel, Belgium — the largest PTA producers in the Americas and Europe, respectively.
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