In April 2004, BP's olefins and derivatives business was separated moved into a separate entity and in 2005, it was sold to Ineos, a privately held UK chemical company for $9 billion.
BP's olefins and derivatives business was separated moved into a separate entity. This was in April 2004. It was sold to Ineos. This was in 2005. This was in April 2004. Ineos was a privately held UK chemical company for $9 billion.