# 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.

- Type: Acquisition
- Announced: 2024-05-30
- Where: Saudi Arabia, Saudi Arabia
- Status: completed
- Capacity: 400,000 tons of polypropylene per year
- Products: polypropylene
- 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)
- [Alujain Corporation](https://endata.com/companies/30599.md) (partner)
- [National Petrochemical Industrial Company](https://endata.com/companies/37735.md) (target)

## Sources

- [lyondellbasell.com](https://www.lyondellbasell.com/en/who-we-are/updates-events/corporate--financial-news/lyb-expands-core-pp-business-with-35-stake-in-natpet-from-alujain-in-saudi-arabia/), 2024-05-30: "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."
- [prnewswire.com](https://www.prnewswire.com/news-releases/lyb-expands-core-pp-business-with-35-stake-in-natpet-from-alujain-in-saudi-arabia-302159418.html), 2024-05-30: "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."
- [nonwovensnews.com](https://www.nonwovensnews.com/2024/06/06/lyondellbasell-seals-polypropylene-feedstock-deal/), 2024-06-06: "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."

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