ICI sells pounds 34m chemical businesses

ICI ANNOUNCED the sale of a string of non-core chemicals businesses to Shell Chemicals yesterday, for an estimated pounds 34m, the third disposal it has made in less than a month.

ICI is selling its interests in the distribution of ethylene oxide, propylene oxide and propylene glycols - chemicals used to make detergents, brake fluids, polyester and polyurethane - based in Wilton, Teesside. It is also selling a plant which makes ethylene oxide but will continue to operate it on Shell's behalf.