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BASF and LyondellBasell Industries have agreed to combine their specialty chemicals businesses to form a new joint venture called ACHIEVE. The venture will combine BASF's plastic additives and catalysts businesses with LyondellBasell's performance elastomers and coatings businesses, with annual sales of approximately $3 billion.
“Two of the world's largest chemical companies have formed a joint venture to create a new entity that will produce specialty chemicals.”xmditaichemical.com
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