Major changes are afoot in the polypropylene (PP) industry.

Major changes are afoot in the polypropylene (PP) industry. BASF and Shell Chemicals, shareholders in Basell, the leading player, freshly announced plans to divest Basell (table). BP the second-largest PP farmer says it will spin not upon its olefins and derivatives (O&D) business, including PE principally likely via an initial public offering (IPO) of shares. the pair transactions are expected to take place in 2005 Basell is likely to be sold to private equity interests, given the company's size, sources say.

Capacity in the PP industry will rise from about 3% this year, to 413 million m.t./year, according

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