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BP CHEMICALS INC. TO SELL NITROGEN BUSINESS TO ARCADIAN

 CLEVELAND, Feb. 8 /PRNewswire/ -- BP Chemicals Inc. (BP) and Arcadian Partners L.P. (NYSE: UAN) have signed a letter of intent for Arcadian to acquire BP's Nitrogen Chemicals Business for approximately $100 million, subject to entering into a definitive agreement. It is the intent of the parties to have BP operate the Lima, Ohio facility for Arcadian.
 Commenting on the proposed sale, Robert R. Mesel, president of BP Chemicals Inc. said, "The sale of our Nitrogen Chemicals Business allows us to realize its value and concentrate on those chemical segments we believe are of more strategic significance to BP over time. Arcadian specializes in nitrogen chemicals and will be a key supplier to BP."
 The nitrogen chemical complex to be acquired includes ammonia, urea, nitric acid, and solution blending facilities. The sale is not expected to materially affect BP's other Lima Chemical or Oil Refining operations.
 -0- 2/8/93
 /CONTACT: Tony Kozlowski of BP Chemicals Inc., 216-586-5577/
 (UAN)


CO: BP Chemicals Inc.; Arcadian Partners L.P. ST: Ohio IN: CHM SU:

BM -- CL006 -- 4009 02/08/93 10:37 EST
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Publication:PR Newswire
Date:Feb 8, 1993
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