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The leading chemical company LyondellBasell announced to acquire 50 percent of Sasol’s 1.5 MM ton ethane cracker, 0.9 MM ton low and linear-low density polyethylene plants and associated infrastructure for approximately $2 Billion.

  • Both companies announced a definitive agreement to form a 50/50 joint venture (JV)
  • The agreement includes customary rights for each partner regarding the potential future sale of its ownership interest. The JV will operate under the name Louisiana Integrated PolyEthylene JV LLC.

In Sep 2020: LyondellBasell announced the successful start-up of its MoReTec molecular recycling facility at its Ferrara, Italy, site. The new facility can be used for food packaging and healthcare items.

In March 2020: LyondellBasell has announced an expansion in China with a 50:50 joint venture with Liaoning Bora Enterprise Group (Bora). As per MoU signed, the partners will form a Sino-foreign joint venture, the Bora LyondellBasell Petrochemical company. The JV will operate a 1.1 million metric tons per annum ethylene cracker and associated polyolefin derivatives complex in Panjin, China, with a total expected cost of approximately $2.6 billion.

In December 2019, LyondellBasell announced that it has signed a Memorandum of Understanding (MoU) to form a 50:50 joint venture (JV) with China Petroleum & Chemical Corporation (Sinopec), one of the largest integrated energy and chemical companies in China. LyondellBasell operates five wholly-owned facilities in China which are located in Guangzhou, Suzhou, Dalian, Dongguan and Changshu.

About LyondellBasell
LyondellBasell, is a worldÂ’s leading plastic, chemical and refining company, headquartered in Rotterdam, Netherlands. The company provides lightweight and flexible packaging, stronger and more versatile pipes and is involved in improving the safety, comfort and fuel efficiency of many of the cars and trucks on the road. The company sells products into approximately 100 countries and is the world’s largest producer of polymer compounds and the largest licensor of polyolefin technologies. LyondellBasell is a global producer of polypropylene and polyethylene technologies with more than 280 polyolefin process licenses globally.

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