Liaoning Bora Group

LyondellBasell and its Chinese partners plan to invest around $12 billion over ten years in a petrochemical complex in Liaodong Bay New Area, China. The complex includes a cracker, polyethylene, polypropylene, and butadiene plants, with an ABS system under construction.

Liaoning Bora Group and LyondellBasell signed a joint venture agreement to form a 50:50 company, Bora LyondellBasell Petrochemical Co., Ltd., in Panjin, Liaoning. The project involves a total investment of $12 billion over 10 years, including 800,000 t/y polyethylene, 600,000 t/y polypropylene, and 350,000 t/y styrene units.