STRASBOURG, FRANCE — Elenac SA, Europe's new polyethylene joint venture between Shell and BASF, announced it will build a 706 million-pound-per-year low density polyethylene plant at Berre-l'Etang, France.
The company plans to close a 243 million-pound-per-year unit when the replacement plant begins operating in the second quarter of 2000.
Strasbourg-based Elenac claims the $111 million project will establish it as the largest European LDPE manufacturer.
Elenac announced last month it had signed a letter of intent to acquire the 1.1 billion-pound-per-year Hostalen PE business of Hoechst AG of Frankfurt, Germany. The expansion will take Elenac's total PE capacity to 4.19 billion pounds.