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January’s top stories: Phillips 66 to sell flow improver business, BASF to restructure paper chemicals

Phillips 66 revealed a plan to divest its flow improver business to Berkshire Hathaway for $1.4bn, AMEC agreed to acquire its Swiss rival Foster Wheeler for $3.2bn, while BASF is implementing a series of measures in its paper chemicals business to increase competitiveness. Chemicals Technology wraps up the top stories of January 2014.

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