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TOKYO, JAPAN: Mitsui Chemicals Inc agreed to transfer all shares in P T Amoco Mitsui PTA Indonesia, a manufacturer of purified terephthalic acid (PTA) and joint venture with BP AMOCO CHEMICAL INDONESIA LIMITED and Mitsui & Co Ltd to BP GLOBAL INVESTMENTS LIMITED. The share transfer is part of Mitsui Chemicals’ effort to restructure its PTA operations under the current difficult environment for PTA business.
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