Nouryon Announces Plans to Buy Metal Alkyls Business From Sasol
AMSTERDAM — Nouryon has entered into an agreement to acquire the merchant triethyl aluminum (TEAL) business of Sasol, including its specialty fleet of returnable cylinders. TEAL is a metal alkyl essential in the production of high-volume plastics including polypropylene and polyethylene.
The acquisition is the latest in a series of moves Nouryon has made to significantly increase its footprint in the metal alkyls market, following an expansion of production capacity at its Rotterdam site and the acquisition of metal alkyls producer Zhejiang Friend in China.