# LyondellBasell and Sasol close Louisiana integrated polyethylene joint venture

LyondellBasell and Sasol closed their 50/50 joint venture in Lake Charles, Louisiana, including a 1.5 MM ton ethane cracker and polyethylene plants. LyondellBasell will operate the assets and market the products.

- Type: Acquisition
- Announced: 2020-12-02
- Where: Lake Charles, Louisiana, United States
- Status: completed
- Capacity: 1.5 MM ton ethane cracker, 0.9 MM ton polyethylene plants
- Products: ethylene, polyethylene
- 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)
- [Suez](https://endata.com/companies/1259.md) (acquirer)
- [LyondellBasell](https://endata.com/companies/1444.md) (acquirer)
- [Sasol](https://endata.com/companies/8322.md) (partner)
- [Tivaco](https://endata.com/companies/51676.md) (target)

## Sources

- [newswire.ca](https://www.newswire.ca/fr/news-releases/lyondellbasell-and-sasol-complete-louisiana-joint-venture-transaction-824463925.html), 2020-12-02: "The formation of this JV is part of our approach to growing our core businesses while positioning the company to benefit from improving economic conditions."
- [prnewswire.com](https://www.prnewswire.com/news-releases/lyondellbasell-and-sasol-complete-louisiana-joint-venture-transaction-301183267.html), 2020-12-02: "The formation of this JV is part of our approach to growing our core businesses while positioning the company to benefit from improving economic conditions."
- [chemweek.com](https://chemweek.com/CW/Document/115895/LyondellBasell-Suez-buy-plastics-recycler-Tivaco), 2020-12-07: "Tivaco, which has 22,000 metric tons/year of recycled plastics capacity, will be added to 50/50 plastics recycling joint venture Quality Circular Polymers (QCP)."

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