# 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.

- Type: Partnership
- Announced: 2019-09-05
- Where: Panjin, Liaoning Province, China
- Value: $12.0B
- Status: announced
- Capacity: 300 tonnes per year of polyethylene, polypropylene, styrene, butadiene and other petrochemicals
- Products: polyethylene, polypropylene, styrene, butadiene, petrochemicals
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [LyondellBasell](https://endata.com/companies/1444.md) (investor)
- [Baolai](https://endata.com/companies/41919.md) (partner)

## Sources

- [xinhuanet.com](https://www.xinhuanet.com/english/2019-09/06/c_138371654.htm), 2019-09-06: "China is the largest and fastest-growing market globally for the company's core technologies and products."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.