LyondellBasell Industries NV

LyondellBasell Industries continues discussions to purchase a controlling stake in Brazilian petrochemical maker Braskem from Odebrecht, despite delays due to political changes in Brazil.

Orion Engineered Carbons S.A. reached an agreement to acquire Société du Noir d’Acétylène de l’Aubette (SN2A), an acetylene carbon black manufacturer, from LyondellBasell Industries Holdings B.V. and its French affiliate.

LyondellBasell Industries and Odebrecht S.A., controlling shareholder of Braskem, have entered exclusive talks regarding a potential merger that would give LyondellBasell a controlling stake in Braskem. The announcement was made on June 20, 2018.

Alujain Corporation agreed to sell a 35% stake in its subsidiary Natpet to Basell International Holdings (LyondellBasell) for $500 million, as part of a joint venture to build a new petrochemical complex in Saudi Arabia.

LyondellBasell announced a definitive agreement to acquire A. Schulman, a supplier of high-performance plastic compounds, for a total consideration of $2.25 billion. The acquisition will create a premier Advanced Polymer Solutions business.

LyondellBasell Industries plans to purchase a 50% stake in Quality Circular Polymers (QCP), a Dutch plastics recycler with capacity of 35,000 metric tons per year. Suez will own the remaining 50%.

LyondellBasell entered a definitive agreement to purchase a 50% stake in Quality Circular Polymers (QCP), a plastics recycling company in Sittard-Geleen, Netherlands, becoming a 50/50 partner with SUEZ. The facility can produce 35,000 tons of PP and HDPE per year starting in 2018.

Shandong Yuhuang Shengshi Chemical let a contract to LyondellBasell to license Hostalen ACP technology for a 200,000-tonne/year HDPE unit at its petrochemical complex in Heze City, Shandong, China, scheduled for startup in 2018.

PRPC Polymers, a Petronas subsidiary, awarded LyondellBasell a contract to license Hostalen ACP technology for a 400,000 t/y HDPE unit at the RAPID project in Johor, Malaysia.