LyondellBasell and Sasol have agreed to create a 50:50 joint venture (JV) under which the former will acquire a 50% stake in the latter’s 1.5 MM ton ethane cracker, 0.9 MM ton low and linear-low density polyethylene plants, and associated infrastructure in Louisiana, US for $2 billion. The deal includes customary rights for each partner […]
Dutch chemical company LyondellBasell has started construction of its $2.4 billion propylene oxide (PO) and tertiary butyl alcohol (TBA) plant in Houston, Texas, which is expected to be the largest PO/TBA Plant in the world. The LyondellBasell PO/TBA Plant in Houston, which is slated to be commissioned in 2021, will have an annual production capacity […]