BP Amoco Acquires Arco's New PP Plant.

Following Federal Trade Commission approval last month, London-based BP Amoco plc completed its acquisition of Arco. As part of the deal, BP Amoco assumes two-thirds ownership in Arco Polypropylene, LLC, a joint venture of Arco and Itochu  Corp. of Japan. Arco Polypropylene started up a 440-million-lb/yr PP plant in Carson, Calif., last December.