BP Amoco seeks buyers for plastic processing units

LONDON -- BP Amoco Plc, the No. 3 publicly traded oil company, said it's seeking buyers for two plastic-processing units with combined sales of $1 billion as the company focuses on chemical businesses more closely linked to oil.

The London-based company wants to sell its plastic fabrics and fibers unit, the world's largest maker of polypropylene plastic carpet backings, and its plastic-fabrication unit, which makes food wrap and car parts. BP said it expects to complete the divestments this year.