PAO getting the axe and rumors floating that Exxon is/has placed multiple offers for either Chemicals as a whole or just Geismar. They haven’t started bringing out the paint buckets at this time, but $100 mil on new buildings during a budget crunch sure looks like lipstick on a pig!!
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As chemicals gets whittled down, may make more sense for what’s left to get picked up by someone with a bit of loose change rattling around in their pockets. I could see North America getting picked up. Maybe Pernis. The rest, not a chance.
i didn’t know Shell has PAO
the Chemicals side has always been "for sale" and it always goes no where. The chemicals side of Scotford has been rumored to be sold for the past 5 years, because "it doesn't make money".