# LyondellBasell reiterates intent to buy Sasol's 50% stake in US joint venture

LyondellBasell's interim CEO Ken Lane reiterated the company's desire and intent to buy Sasol's 50% stake in their joint venture at Lake Charles, Louisiana, which includes a cracker and two polyethylene plants.

- Type: Acquisition
- Announced: 2022-01-28
- Where: Lake Charles, Louisiana, United States
- Status: rumored
- Products: ethylene, linear low density polyethylene, low density polyethylene
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [LyondellBasell](https://endata.com/companies/1444.md) (acquirer)
- [Sasol](https://endata.com/companies/8322.md) (target)

## Sources

- [spglobal.com](https://www.spglobal.com/commodity-insights/en/news-research/latest-news/chemicals/012822-lyondell-reiterates-intent-to-buy-sasols-half-of-us-joint-venture), 2022-01-28: "We've commented before that it's our desire and intent to own the other half of that joint venture."

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