LyondellBasell buys 50% stake in Sasol's Louisiana petchem assets for $2bn

LyondellBasell is buying a 50% stake in three Sasol plants in Lake Charles, Louisiana, including a 1.5mn t/yr ethane cracker, an LLDPE plant and an LDPE plant, for $2bn, forming a 50:50 joint venture. Lyondell will take operational and marketing control.

“Global petrochemical producer LyondellBasell is buying a 50pc stake in some of South African petrochemical firm Sasol's US assets for $2bn.”argusmedia.com

• 1 source
• argusmedia.comLyondellBasell buys into Sasol US petchem: Update | Latest Market NewsYee Ying Ang, Michael CamardaMar 25, 2024

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