LyondellBasell

LyondellBasell invests $500M in Saudi petchems JV, to explore new PDH/PP complex

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LyondellBasell (LYB) today announced it entered into an agreement to acquire a 35% interest in Saudi Arabia–based National Petrochemical Industrial Company (NATPET) from Alujain Corporation (Alujain) for approximately $500 million. Enabled by its Spheripol polypropylene (PP) technology, the joint venture positions LYB to grow and upgrade its core PP business through access to advantaged feedstocks, plus additional product marketing … Read more

LyondellBasell polyolefin tech selected for China Coal Shaanxi chemical complex

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LyondellBasell (NYSE: LYB), the world’s largest licensor of polyolefin technologies, announced that China Coal Shaanxi Yulin Energy & Chemical Co., Ltd. (China Coal Shaanxi), will use the LyondellBasell Spherizone, Hostalen Advanced Cascade Process (Hostalen ACP) and Lupotech T technology for its new facility.  The process technology will be used for a 300 kilotons per annum (KTA) Spherizone polypropylene plant, a 300 KTA Hostalen ACP high-density … Read more

LyondellBasell’s advanced recycling demo project gets €40M EU grant

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LyondellBasell (LYB) has been selected to receive a €40 million grant from the European Union (EU) Innovation Fund. The grant will support the fully-electrified, industrial-scale advanced recycling demonstration plant the company plans to build  at its Wesseling, Germany site.   The company’s MoReTec plant is one of the 41 projects selected in the EU Innovation Fund ‘Third … Read more

LyondellBasell sets up polyolefins distribution hub in UK

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LyondellBasell, a global leader in the chemical industry, announced the establishment of a new distribution hub in the United Kingdom for its Polyolefins grades. This strategic move is part of our ongoing commitment to enhancing the customer experience by placing inventories closer to our customers’ facilities reducing lead times on orders.  This distribution hub in … Read more

Indian Oil once more selected process technology from LyondellBasell

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LyondellBasell, the world’s largest licensor of polyolefin technologies, today announced that Indian Oil Corporation Ltd. (IOCL) has selected LyondellBasell’s Hostalen “Advanced Cascade Process” (Hostalen ACP) technology for a new 200 kiloton per year (KTA) high density polyethylene (HDPE) plant. The new facility will be built in Panipat, India.  “This new license award by IOCL represents the second Hostalen ACP process technology line … Read more

LyondellBasell acquires 25% stake in Cyclyx JV

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Cyclyx International, a joint venture between Agilyx and ExxonMobil, announces LyondellBasell has acquired 25% equity ownership of the joint venture (JV). LyondellBasell joining Cyclyx, which was formed in December 2020, further accelerates innovation and development of the necessary infrastructure for a nationwide circular economy for plastics. “Investing in plastic waste value chain experts such as … Read more

LyondellBasell licenses Lupotech T technology to Jiangsu Fenghai

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LyondellBasell (NYSE: LYB) announced that Jiangsu Fenghai High-Tech Materials Co., Ltd. (Jiangsu Fenghai) has selected the LyondellBasell Lupotech T high-pressure polyethylene technology for a new production site.    The Lupotech T process technology will be used for a 200 kiloton per year (KTA) vinyl acetate copolymer (EVA) line. The new line will be located in Lianyungang, … Read more

LyondellBasell PE tech selected for PetroChina Guangxi complex

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LyondellBasell announced that PetroChina Guangxi Petrochemical Company will license the LyondellBasell polyethylene technology at their facility located in Qinzhou City, Guangxi, P.R. of China. The newly licensed technology will comprise the LyondellBasell leading high-pressure Lupotech process technology which will be used for both a 100 kiloton per year (KTA) Autoclave and a 300 KTA Tubular … Read more

LyondellBasell Industries N.V. Reports Lower Q1 2023 Earnings Due to Weak Margins

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LyondellBasell Industries N.V. (LYB) reported lower earnings for the first quarter of 2023 compared to the same period last year, primarily due to weak margins. Despite this, the company continues to anticipate a slight increase in global demand driven by seasonal trends, with transportation fuel demand expected to increase over the summer. Financial Results LyondellBasell … Read more

LyondellBasell Commissions World’s Largest PO/TBA Unit

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LyondellBasell announced it has successfully started up the world’s largest propylene oxide (PO) and tertiary butyl alcohol (TBA) unit in Texas. These new assets on the U.S. Gulf Coast have an annual capacity of 470 thousand metric tons of PO and one million metric tons of TBA and its derivatives. “The world-leading capacity of the new … Read more

LyondellBasell announces decision to acquire Mepol Group

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LyondellBasell and Mepol Group announced they have entered into a definitive agreement for LyondellBasell to acquire Mepol Group, a manufacturer of recycled, high-performing technical compounds located in Italy and Poland, consisting of Mepol S.r.l. and its subsidiaries Polar S.r.l. and Industrial Technology Investments Poland Sp.z.o.o. “This acquisition demonstrates LyondellBasell’s commitment to move the circular economy … Read more

LyondellBasell, Shakti Plastic to build Advance Mechanical Recycling Unit in India

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LyondellBasell and Shakti Plastic Industries, India’s largest plastic scrap recycler and waste collection company, have signed a Memorandum of Understanding (MoU) to form a joint venture to build and operate a fully-automated, mechanical recycling plant in India. The plant is intended to process rigid packaging post-consumer waste and produce 50,000 tonnes of recycled polyethylene (PE) … Read more

LyondellBasell to Exit Refining Business by end of 2023

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LyondellBasell announced its decision to cease operation of its Houston Refinery no later than December 31, 2023. In the interim, the Company will continue serving the fuels market, which is expected to remain strong in the near-term, and consider potential transactions and alternatives for the site. The company revealed its intentions to sell the refinery … Read more

LyondellBasell Considers Sale of Houston Refinery

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LyondellBasell announced it is weighing strategic options for its Gulf Coast-based Refining Segment, including a potential sale. “While the Houston Refinery is a valuable, well-performing asset, we have long held the belief that it may be even more valuable as part of a larger refining system,” said Bob Patel, CEO of LyondellBasell. “To that end, … Read more

LyondellBasell Buys $2-billion Stake in Sasol’s Lake Charles Base Chemicals Unit

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Update: Sasol said on Wednesday its Lake Charles base chemicals unit joint venture (JV) with LyondellBasell Industries had been established, following closure of the deal on December 1. The Lake Charles base chemicals unit includes a 1.5-million-ton ethane cracker, 900,000-ton low and linear-low density polyethylene plants and associated infrastructure. According to the agreement signed in … Read more

Final LDPE Unit at Sasol’s Lake Charles Complex Reaches Beneficial Operation

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Sasol’s low-density polyethylene (LDPE) unit at the Lake Charles Chemicals Complex (LCCP) at Louisiana, USA, reached beneficial operation on November 15. The LDPE unit is the seventh and final LCCP unit to come on line. The LCCP is now 100% complete with total capital expenditure forecast to be within the previously communicated guidance of $12.8-billion. … Read more

LyondellBasell and Bora Start-up New Joint Venture Facility

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LyondellBasell and China’s Liaoning Bora Enterprise Group (Bora) announced the establishment and start-up of their new joint venture polyolefin complex in the Liaoning province of northeastern China. First announced in September 2019, the 50:50 joint venture (JV) will operate under the name Bora LyondellBasell Petrochemical Co. Ltd. (BLYB). “Demand for polyolefins has returned in China … Read more

LyondellBasell PP/HDPE technology Selected for Duqm’s Oman plant

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LyondellBasell announced that Duqm Refinery and Petrochemical Industries Company LLC (DRPIC) has selected LyondellBasell’s world-leading polypropylene (PP) and high-density polyethylene (HDPE) technologies for a new facility. The new plants will comprise of a polypropylene (PP) plant that will utilize LyondellBasell’s Spheripol PP process technology to produce 280,000 metric tons per year of PP and a … Read more

LyondellBasell to Slow Construction on PO/TBA Project

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LyondellBasell announced on Monday that it will slow construction of its propylene oxide (PO) and tertiary butyl alcohol (TBA) facility in Channelview, Texas. The company is limiting non-essential activities considering the current concerns related to the coronavirus pandemic. The PO / TBA site is under construction and limiting the construction activities will be prudent, according … Read more

Hyosung Vina to Use LyondellBasell’s Spheripol Tech for PP Plant

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LyondellBasell, the world’s largest licensor of polyolefin technologies, announced that Hyosung Vina Chemicals Co., Ltd. will use the LyondellBasell Spheripol technology for a new facility. The process technology will be used for a 300,000 ton per year polypropylene plant to be built in Cai Mep Industrial Zone, Vung Tau Province, Vietnam. “This additional award for … Read more