MOSCOW (MRC) -- The Federal Trade Commission has approved an application from industrial gas suppliers Praxair and Linde to divest a hydrogen gas and carbon monoxide gas plant to Celanese Ltd, as per FTC.
The divestiture of the plant is required under the FTC’s October 22, 2018 proposed order, which requires Praxair and Linde to divest certain industrial gases assets to settle charges that the USD80 billion merger of Praxair and Linde would violate federal antitrust law.
The application proposes that Celanese Ltd. will acquire Linde’s hydrogen gas and carbon monoxide gas plant in Clear Lake, Texas. The Commission vote to approve the application was 4-0-1 (Commissioner Chopra abstaining).
The Federal Trade Commission works to promote competition, and protect and educate consumers.
As MRC reported before, Celanese Corporation, a global chemical and specialty materials company, has raised its February list and off-list selling prices for Vinyl Acetate Monomer (VAM) sold in Asia Outside China (AOC). The price increase below was effective as of 31 January, or as contracts otherwise allow, and was incremental to any previously announced increases. Thus, Celanese raised VAM list and off-list selling prices by USD50/mt for AOC.
Celanese Corporation is a global technology leader in the production of differentiated chemistry solutions and specialty materials used in most major industries and consumer applications. Based in Dallas, Celanese employs approximately 7,600 employees worldwide and had 2017 net sales of USD6.1 billion.
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