Daily Chemical News Recommendation (Mar 23, 2018)

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> Jiangsu Petrochemical Company Begins Operating MTO Plant In China

China’s Jiangsu Sailboat Petrochemical Company has announced that its methanol-to-olefins (MTO) plant installed by Honeywell has become fully operational. The new plant converts methanol from domestic coal into olefins and is capable of producing 833,000-mt of olefins per annum.

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> Bayer In Exclusive Talks To Sell Vegetable Seeds Business To BASF

Bayer has entered exclusive talks with BASF on the sale of its Nunhems brand of vegetable seeds unit to address antitrust regulators’ concerns over its planned merger with Monsanto, the two companies said.

Any deal is subject to a successful closing of the proposed $62.5-bn acquisition of Monsanto, which Bayer hopes to wrap up in the second quarter, the German group said. International news agency, Reuters, had earlier reported that BASF could buy the vegetable seeds business for roughly 1.5-bn euros ($1.85-bn) including assumed debt.

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