LEVERKUSEN, Germany (Dec. 19)—Bayer A.G. and Houston-based Lyondell Chemical Co. have entered into a joint venture to construct and operate a global plant to produce polyurethane-based products in Maasvlakte, Netherlands, for about $460 million. The facility is slated to come on stream in 2003 and the companies will split the 285,000 metric tons of propylene oxide and 640,000 metric tons of styrene the factory is expected to produce annually. Bayer, the parent of Pittsburgh-based Bayer Corp., became the worldwide leader in the production of polyurethane raw materials when it bought Lyondell´s polyols business April 1. As part of the deal, Bayer also gained the long-term right to buy supplies of propylene oxide, a base product in the production of polyols, from Lyondell.
Bayer, Lyondell to build facility
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