LyondellBasell & Sasol Sign Agreement To Form Integrated PE Joint Venture

摘要

LyondellBasell and Sasol have entered into a definitive agreement to form a 50-50 integrated polyethylene (PE) joint venture, which will operate under the name Louisiana Integrated PolyEthylene JV LLC. Through the new joint venture, LyondellBasell will acquire a 50% stake in Sasol's 1.5-million t/y ethane cracker, its 900,000-t/y low and linear-low density PE plants and associated infrastructure on the U.S. Gulf Coast for a total consideration of $2-billion.