# LyondellBasell announces divestiture of Ethylene Oxide and Derivatives business for $700 million

LyondellBasell announced the divestiture of its Ethylene Oxide and Derivatives business for $700 million.

- Type: Acquisition
- Announced: 2024-02-02
- Where: Jurupa Valley, California, United States
- Value: $700.0M
- Status: announced
- Capacity: 50 million pounds per year
- Products: ethylene oxide, derivatives
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [LyondellBasell](https://endata.com/companies/1444.md)
- [LyondellBasell](https://endata.com/companies/1444.md) (acquirer)
- [PreZero](https://endata.com/companies/43270.md) (target)

## Sources

- [lyondellbasell.com](https://www.lyondellbasell.com/en/who-we-are/updates-events/corporate--financial-news/lyondellbasell-reports-2023-earnings/), 2024-02-02: "Announced divestiture of Ethylene Oxide and Derivatives business for $700 million."
- [lyondellbasell.com](https://www.lyondellbasell.com/en/who-we-are/updates-events/corporate--financial-news/lyondellbasell-acquires-mechanical-recycling-assets-and-plans-operations-in-california/), 2024-02-20: "This acquisition further strengthens our U.S. presence and will deliver value for our customers and plastic recycling rates in the West Coast."
- [prnewswire.com](https://www.prnewswire.com/news-releases/lyondellbasell-acquires-mechanical-recycling-assets-and-plans-operations-in-california-302065529.html), 2024-02-20: "This acquisition further strengthens our U.S. presence and will deliver value for our customers and plastic recycling rates in the West Coast."
- [packaging-gateway.com](https://www.packaging-gateway.com/news/lyondellbasell-prezero-mechanical-recycling/), 2024-02-21: "The newly-acquired mechanical recycling plant will be operational by 2025, producing post-consumer recycled (PCR) resins from plastic waste feedstock under LyondellBasell’s CirculenRecover brand."

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