LyondellBasell

Light vehicle fuel efficiency gains see slow progress as SUVs sales rising: IEA; Terminal for ExxonMobil-Sabic venture’s resin plant in Corpus Christi completed; LyondellBasell posts quarterly cash earnings record; Brookfield buys InterPipeline

Nov 9, 2021

News Briefs

U.S. polypropylene producers begin to face buyers’ market after exceptional year of 12% demand growth

Oct 12, 2021

ExxonMobil, LyondellBasell, Braskem and other polypropylene producers faced in late September a buyers’ market for the first time after a year of tight inventories and exceptional demand growth that more than doubled prices.

U.S. Gulf Coast chemical plants, refiners study carbon dioxide storage to cut emissions

Sep 28, 2021

Chevron, Dow, ExxonMobil, INEOS and LyondellBasell as well as other petrochemical companies and refiners will jointly study the feasibility of using underground storage to trap carbon dioxide from operations currently released as air emissions.

Bolivia restarts urea, ammonia plant after 22-month shutdown; Brookfield to acquire Canada’s Inter Pipeline; Braskem teams up with SCG Chemicals to study new 'green' plant in Thailand; LyondellBasell's Patel to leave post in December

Sep 14, 2021

News Briefs

North American petrochemicals demand seen strengthening in third quarter

Aug 24, 2021

Demand for North American petrochemicals like plastic resins continued to strengthen at the start of the third quarter, a top official from a leading petrochemical company said while discussing earnings.

LyondellBasell faces aftermath of deadly acetic acid accident in Texas

Aug 10, 2021

LyondellBasell’s plant in La Porte, Texas on July 27 accidentally released about 100,000 pounds of acetic acid killing two contractors and injuring 30 people.

Chemical industry facing pressure for added tax burden to fund site remediation work

Jul 5, 2021

Petrochemical companies grouped under guild association American Chemistry Council oppose plans for a reinstatement in fiscal 2022 of Superfund chemical excise taxes that may bring back levies unseen in a quarter century saying that the added tax burden may...

LyondellBasell CEO sees resin markets tight at least through year’s end

May 10, 2021

LyondellBasell’s CEO Bhavesh Patel said that the strong plastic resin demand and tight market conditions that boosted the company’s first quarter profitability may continue through December.

Petrochemicals demand in 2021 seen supported by low inventories, broader economy reopening

Jan 12, 2021

Demand in 2021 for plastic resins including polyvinyl chloride and polyethylene may see support from low inventories in the first months and from a broader economy reopening later in the year as immunization efforts increase, paving the way for an rise in...

Project delayed by pandemic retaken in 2021 at higher cost, while others see indefinite delays

Jan 12, 2021

Covid-19 challenged the biggest petrochemical projects in North America, as it added costs and extended the timeline to works reconsidered last year for resumption in 2021, as well as created conditions that compromised feasibility to the point of forcing...

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