LyondellBasell Industries N.V. (LYB) recently announced the start-up of an additional manufacturing line at its Advanced Polymer Solutions ("APS") business in Dalian, China, thereby strengthening its presence there. The new production line will manufacture a diverse range of high-performance, high-quality polypropylene compounds, primarily for the automobile industry. The new production facility, with an annual capacity of 20,000 tons, will double the site's present production capacity, thus increasing the ...

HOUSTON and RIYADH, Saudi Arabia, May 30, 2024 /PRNewswire/ -- LyondellBasell (LYB) and Alujain Corporation (Alujain) today announced completion of the acquisition of a 35% interest in Saudi Arabia–based National Petrochemical Industrial Company (NATPET) by LYB from Alujain.The joint venture is enabled by LYB Spheripol polypropylene (PP) technology and positions LYB to profitably expand its core PP business by gaining access to advantaged feedstocks and additional product marketing volumes."This investment ...

LyondellBasell Industries N.V. (LYB) recently partnered with CORADIN and Dermalogica to develop a more sustainable solution for the Greenis Dispenser, utilizing its CirculenRecover solution in the award-winning packaging. The best Post-Consumer Resin (PCR) for this cosmetics application, which required both functionality and aesthetics, was chosen by LYB in collaboration with CORADIN and Dermalogica.LYB provided a high-quality solution in the form of CirculenRecover polypropylene polymer, which is manufactu ...

LyondellBasell Industries N.V. (LYB) recently announced that its board of directors has approved a quarterly dividend of $1.34 per share, marking a 7% increase from its first-quarter 2024 payout. The dividend will be distributed to shareholders on Jun 10, 2024, with an ex-dividend and record date of Jun 3, 2024.LyondellBasell's dividend increase underlines the company's confidence in its ability to navigate changing markets, unlock value through a focused new strategy and boost shareholder returns. With thi ...

HOUSTON and LONDON, May 24, 2024 /PRNewswire/ -- LyondellBasell (NYSE: LYB) today announced its board of directors has declared a quarterly dividend of $1.34 per share, representing a 7 percent increase over the company's first quarter 2024 dividend. The dividend will be paid to shareholders on June 10, 2024, with an ex-dividend and record date of June 3, 2024."Today's 7 percent dividend increase reflects LyondellBasell's confidence in our ability to navigate dynamic markets, unlock value with our focused n ...

LyondellBasell Industries N.V. (LYB) has introduced novel Polybatch Effects FROST masterbatches. These change PET packaging with a gorgeous matte frost effect and come in two different styles. Polybatch Effects FROST can be effortlessly combined with a variety of colors to achieve a high-end, sophisticated look.Polybatch Effects FROST effortlessly enhances the brand image with a premium aesthetic and reduces the appearance of recycled PET to a more desired look. Polybatch Effects FROST also has NIR sorting ...

LyondellBasell Industries N.V. (LYB) has set up a new polyolefins distribution hub in Hungary. This move is part of the company's continued effort to improve the customer experience, as seen by the inauguration of the U.K. hub in November 2023, by bringing inventory closer to its customers' facilities and lowering order lead times.This distribution facility in Hungary is a key addition to LyondellBasell's global footprint and represents a big step forward in giving customers speedier access to its products. ...

ROTTERDAM, Netherlands, May 16, 2024 /PRNewswire/ -- LyondellBasell, a global leader in the chemical industry, is proud to announce the establishment of a new distribution hub in Hungary for its polyolefins grades. This move is part of our ongoing commitment, also illustrated by the opening of the UK hub in November 2023, to enhancing the customer experience by placing inventories closer to our customers' facilities reducing lead times on orders. This distribution hub in Hungary is an important addition to ...

LyondellBasell Industries N.V. (LYB) announced a strategic review of its European operations in the Olefins & Polyolefins and Intermediates & Derivatives business units. This review aligns with the company's strategic approach to grow and upgrade its core businesses, develop profitable circular and low-carbon solutions and enhance performance and culture.LYB’s strategy, as outlined at the 2023 Capital Markets Day, focuses on businesses with enduring competitive advantages. It plans to reinvest in areas that ...

HOUSTON and LONDON, May 8, 2024 /PRNewswire/ -- LyondellBasell today announced the formal launch of a strategic review of the European assets of its Olefins & Polyolefins and Intermediates & Derivatives business units. The assessment will evaluate the assets through the lens of the company's strategy to Grow & Upgrade the Core, Build a Profitable Circular and Low Carbon Solutions Business, and Step Up Performance & Culture. "At the 2023 Capital Markets Day, we stated our intent to concentrate our portfolio ...