J-V for Styrolution

Basf and Ineos have made an important step towards the establishment of the joint venture company Styrolution.
On May 27, 2011 the companies signed a joint venture contract, which regulates the formation of the joint venture company Styrolution.
Basf and Ineos plan to combine their global business activities in styrene monomers (SM), polystyrene (PS), acrylonitrile butadiene styrene (ABS), styrene-butadiene block copolymers (SBC) and other styrene-based copolymers (SAN, AMSAN, ASA, MABS) as well as copolymer blends into the new joint venture called Styrolution. The business with expandable polystyrene is not part of the transaction. Basf and Ineos will retain their respective businesses.