# 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.

- Type: Acquisition
- Announced: 2024-03-25
- Where: Lake Charles, Louisiana, United States
- Value: $2.00B
- Status: announced
- Capacity: 1.5mn t/yr ethane cracker, 470,000 t/yr LLDPE, 420,000 t/yr LDPE
- Products: ethylene, linear low density polyethylene (LLDPE), low density polyethylene (LDPE)
- 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) (acquirer)
- [Sasol](https://endata.com/companies/8322.md) (target)

## Sources

- [argusmedia.com](https://www.argusmedia.com/en/news-and-insights/latest-market-news/2146809-lyondellbasell-buys-into-sasol-us-petchem-update), 2024-03-25: "Global petrochemical producer LyondellBasell is buying a 50pc stake in some of South African petrochemical firm Sasol's US assets for $2bn."

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