Canada, a subsidiary of Saudi Aramco, has executed an agreement with Diamond Petrochemicals Canada, a subsidiary of Mitsubishi Corp., in which Arlanxeo will divest its olefins business to Mitsubishi. Arlanxeo's olefins business produces butadiene and raf-finate at the Bio-Industrial Park Sarnia in Ontario, Canada. Current employees of Arlanxeo's olefins business will be transferred to Mitsubishi, which plans to continue operations at the Sarnia site.
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