# LyondellBasell and Liaoning Baolai sign MoU for joint venture

LyondellBasell and Liaoning Baolai Enterprise Group signed a memorandum of understanding to form a joint venture for a light hydrocarbon comprehensive utilization project in Panjin, China. LyondellBasell will acquire a 50% stake in Liaoning Baolai Chemical Co., Ltd.

- Type: Partnership
- Announced: 2019-09-05
- Where: Panjin, Liaoning, China
- Status: announced
- Products: polyolefins, chemicals
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [LyondellBasell](https://endata.com/companies/1444.md) (partner)
- [Liaoning Baolai Enterprise Group](https://endata.com/companies/41957.md) (partner)

## Sources

- [86pla.com](https://www.86pla.com/news/detail/53239.html), 2019-09-09: "双方希望在未来10年之内，尽快在一期项目基础上实施总投资120亿美元(约800亿元人民币)的中长期石化产业项目。"

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