LyondellBasell acquires 50% stake in Sasol's cracker and PE plants in Louisiana
LyondellBasell acquired a 50% stake in Sasol's ethane cracker and two polyethylene plants in Lake Charles, Louisiana, for two-thirds of estimated replacement value.
Capacity
1.5 MM ton/year ethane cracker, 0.9 MM ton/year LDPE and LLDPE plants
Productsethylenelow-density polyethylenelinear-low density polyethylene
“LyondellBasell got 'full capacity and immediate financial benefits of a new, operational, world-scale integrated cracker complex with minimal exposure to risk of project execution, timing uncertainty and opportunity cost'”hydrocarbonprocessing.com
- 6 sources
- hydrocarbonprocessing.comLyondellBasell gets to buy from Sasol 50% of cracker, two PE plants at two-thirds of valueOct 1, 2020
- sasol.comDivestment of a 50% Interest in Sasol’s LCCP Base Chemicals Business and the Creation of a JV with LyondellBasell |Oct 2, 2020
- lw.comLatham Advises Sasol in the Sale of a 50% Stake in Lake Charles Chemical Plant for US$2 billion to Form a Joint Venture with LyondellBasellOct 2, 2020
- sasol.comLyondellBasell and Sasol form Integrated Polyethylene Joint Venture |Oct 2, 2020
- advfn.comLyondellBasell Shares Up After $2 Billion JV Deal With SasolDow Jones NewsOct 2, 2020
Summarized from public sources; check the original articles before acting on it.
ENDATA