BP to divest Olefin & styrenic resins.British Petroleum, the London-based oil and chemical company, has announced plans to divest To deprive or take away. Divest is usually used in reference to the relinquishment of authority, power, property, or title. If, for example, an individual is disinherited, he or she is divested of the right to inherit money. its Olefins & Derivatives business, which includes polypropylene polypropylene (pŏl'ēprō`pəlēn), plastic noted for its light weight, being less dense than water; it is a polymer of propylene. It resists moisture, oils, and solvents. , polyethylene, polystyrene polystyrene (pŏl'ēstī`rēn), widely used plastic; it is a polymer of styrene. Polystyrene is a colorless, transparent thermoplastic that softens slightly above 100°C; (212°F;) and becomes a viscous liquid at around 185°C; , and feedstocks. BP is reportedly planning to make the O&D business into a new publicly held company in 2005 if it does not sell it outright. BP's O&D business has 24 sites worldwide, including the former Amoco Chemicals PP business in Naperville, Ill. |
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