Styrenic alliance

Global business activities of Basf and Ineos in styrene monomers, polystyrene (EPS excluded), ABS, SBC and other styrene-based copolymers as well as copolymer blends will combine in a new joint-venture called Styrolution.
Basf has previously announced that it will carve out its styrenics activities by the end of 2010 and transfer them into separate entities. The carve-out will continue as planned and as of January 1, 2011, and Basf's styrenics activities will operate as a separate company with the name Styrolution.
Ineos has also announced that it is to acquire the other 50% shareholding in its 50-50 styrenics joint venture, Ineos Nova, from Nova Chemicals. Upon completion of the proposed joint-venture with Basf, Ineos will transfer these activities into the new Styrolution group.