LyondellBasell to sell ethylene oxide and derivatives unit to INEOS for $700m
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 […]