Brussels, 31/10/2001 (Agence Europe) - The Commission has cleared a proposed joint venture between British oil company BP and Solvay S.A., a company that specialises in supplying High Density Polyethylene resin (HDPE), a particular form of plastic, as well as HDPE technology. The Commission has also given the green light to the proposes acquisition by BP of Solvay's polypropylene (PP) business. PP resin is one of the world's most widely used plastics. The Commission investigation into the HDPE case has shown that there are no competition infringements. The parties' combined market share will remain below 25%, and the joint venture will face strong competition in Western Europe. As for the separate investigation into BP's acquisition of Solvay's PP business, the Commission has also shown that there are no competition concerns, given that this part of the market will be less than 20% and BP will have to face strong competitors. The two transactions were notified separately to the Commission and are part of a wider deal between BP and Solvay. A third deal involves the acquisition by Solvay of BP's engineering polymers business, but this does not have a Community dimension and therefore does not require EU clearance.