BP cuts PP line in Texas, jobs in Scotland

BP cuts PP line in Texas, jobs in Scotland – British Petroleum chose to shut down 450 million pounds of Polypropylene capacity 11/8/01 at its Chocolate Bayou plant in Alvin, TX. Also BP is cutting about 320 million pounds of polyethylene capacity at its petrochemical complex in Grangemouth, Scotland. The firm also gained 850 million pounds of capacity in Deer Park, TX, on 11/1/01 when it closed a deal in which BP obtained Solvay SA’s PP business in exchange for BP’s engineering resins units.