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By Yuthana Praiwan, Bangkok Post, Thailand Jul. 24--PTT Chemical (PTTCH), Asean's leading petrochemical producer, has acquired a 50 percent stake in the world's largest producer of oleochemicals in a deal worth 104 million.

THAILAND'S PTT Chemical Public Co Ltd has bought a stake in Cognis Oleochemicals Sdn Bhd, making it the new partner for Sime Darby Plantation Sdn Bhd.

By Zaidi Isham Ismail GERMANY'S oleochemical giant Cognis Deutschland GmbH & Co KG plans to sell its 50 per cent stake in Cognis Oleochemicals (M) Sdn Bhd (Cognis Malaysia) to focus on other businesses.

KUALA LUMPUR, Malaysia and BANGKOK, Thailand, July 22 /PRNewswire/ -- PTT Chemical Public Company Limited (PTT Chemical), a leading producer and distributor of chemical products, through its wholly owned subsidiary PTT Chemical International Private Limited (PTT Chemical International), today will sign a joint venture agreement with Sime Darby Plantation Sdn.