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Specialty Chemicalsworld trade 2024+2.3% 5Y CAGR

Sep 5, 2019PARTNERSHIPPanjin, Liaoning Province, China

LyondellBasell and Baolai plan $12B petrochemical investment in China

LyondellBasell signed an MoU with Baolai to invest $12 billion over 10 years in petrochemical projects in Panjin, China. LyondellBasell will buy a 50% stake in Baolai's light hydrocarbons utilization project under construction.

Value

$12.0B

Status

Announced

Capacity

300 tonnes per year of polyethylene, polypropylene, styrene, butadiene and other petrochemicals

Productspolyethylenepolypropylenestyrenebutadienepetrochemicals

CompaniesLyondellBasell investor Baolai partner

Sectors#Specialty Chemicals

“China is the largest and fastest-growing market globally for the company's core technologies and products.”xinhuanet.com

1 source
xinhuanet.comChemicals giant LyondellBasell to invest in northeast China - Xinhua | English.news.cnSep 6, 2019

Summarized from public sources; check the original articles before acting on it.

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