SINGAPORE—A joint venture between BASF South East Asia Pte. Ltd. and Shell Eastern Petroleum Pte. Ltd. will spend more than $500 million to build a plant in Singapore to produce styrene monomer and propylene oxide. The firms said the factory will be the largest facility of its type in Asia with annual capacity to make 550,000 metric tons a year of styrene and 250,000 tons of propylene oxide.
BASF, Shell team up on venture
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