October 2000

Trends and Resources

HP Impact: HPInformer, International edition

ABB, Bloomfield, New Jersey, a global technology company, has entered a majority joint venture to acquire a polypropylene technology that will extend its petrochemicals business into a new, high-growt..

Stephens, F. P., Hydrocarbon Processing Staff

ABB, Bloomfield, New Jersey, a global technology company, has entered a majority joint venture to acquire a polypropylene technology that will extend its petrochemicals business into a new, high-growth market. The joint venture with Equistar Chemicals will purchase the Novolen polypropylene technology - including catalyst, process and product technologies - from Targor GmbH, a subsidiary of Germany's BASF AG. It will also acquire the rights to market and license Targor's metallocene polypropylene technology used in the production of a new generation of high-performance plastics. Targor will retain the right to use this technology for its own products. The joint venture, called Novolen Tech

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