LyondellBasell acquires 35% stake in NATPET from Alujain

LyondellBasell (LYB) completed the acquisition of a 35% interest in National Petrochemical Industrial Company (NATPET) from Alujain Corporation. The joint venture uses LYB's Spheripol polypropylene technology and NATPET has approximately 400,000 tons of annual PP production capacity.

“This investment in NATPET reflects our commitment to grow and upgrade our core businesses and strengthen our presence in Saudi Arabia through a new long-term partnership.”lyondellbasell.com

• 3 sources
• lyondellbasell.comLYB expands core PP business with 35% stake in NATPET from Alujain in Saudi ArabiaMay 30, 2024
• prnewswire.comLYB Expands Core PP Business with 35% Stake in NATPET from Alujain in Saudi ArabiaLyondellBasellMay 30, 2024
• nonwovensnews.comLyondellBasell seals polypropylene feedstock deal | Nonwovens NewsHaydn DavisJun 6, 2024

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