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BP to take stake in Chinese PET producer CRC · Endata

◂ Announcements

May 8, 2020ACQUISITIONChina

BP to take stake in Chinese PET producer CRC

BP signed a strategic cooperation agreement with China Resources Chemical Innovative Materials Holdings Ltd. (CRC) and agreed to invest in and become a shareholder of CRC. The companies will also explore collaboration on PTA sourcing and along the polyester value chain.

Status

Announced

ProductsPETPTA

CompaniesBP investor China Resources Chemical Innovative Materials Holdings Ltd. target

Sectors#Specialty Chemicals #Plastics and Polymers

“BP also agreed to invest in and become a shareholder of CRC.”echemi.com

1 source
echemi.comBP to take stake in Chinese PET producer CRC; explore other collaborations | ECHEMIChemical WeeklyMay 8, 2020

Summarized from public sources; check the original articles before acting on it.

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