Perstorp prepares to buy out owner, may retreat from biodiesel

In Sweden, Perstorp plans to divest a unit in Singapore to help generate $230M in sales in order to buy back bonds as the company prepares for a planned exit of PAI partners, its parent company. The company has partnered with CSM NV’s Purac division, which focuses on polymers for use in plastics and coatings, in order to develop a more environmentally-friendly product. Management is also considering a retreat from their biodiesel operations.

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