In a significant move in the chemical industry, LyondellBasell (LYB) has announced its agreement to sell its Ethylene Oxide & Derivatives (EO&D) business, along with the Bayport, Texas production facility, to INEOS Oxide (INEOS). The all-cash transaction is valued at $700 million, representing a strategic shift for both companies. Peter Vanacker, CEO of LyondellBasell, emphasized […]
TotalEnergies and Borealis are celebrating a significant milestone in their partnership with the start-up of the new 625,000 metric ton-per-year Borstar polyethylene (PE) unit at their Baystar joint venture (JV) in Bayport, Texas. This state-of-the-art unit, referred to as Bay 3, not only more than doubles the current production capacity but also utilizes the innovative […]
Styrenics applications provider Ineos Styrolution has broken ground on its new acrylonitrile styrene acrylate plant in Bayport, Texas, US, as part of expansion plans for the Americas. The new acrylonitrile styrene acrylate plant (ASA plant) with a production capacity of 100,000 ton per annum is expected to establish the company as the only global producer […]