LyondellBasell Plots Expansions Amid High Ethylene, Other Chemical Prices
Attachment: LyondellBasell1Q22
May 12, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--LyondellBasell Industries NV (NYSE:LYB) (Rotterdam, Netherlands) is enjoying strong global demand and improving markets for its chemical products, particularly ethylene and polyethylene. A series of buildouts and proposed additions across the U.S. point to where the company believes the chemical market is headed in the years to come.
LyondellBasell executives attributed much of the company's recent profit growth to growth in its propylene oxide and tertiary butyl alcohol (PO/TBA) and oxyfuels businesses, while polyethylene contract prices at the end of March helped to reverse price declines from the fourth quarter. Industrial Info is tracking more than $6 billion worth of projects from LyondellBasell globally, including major PO/TBA and polyethylene projects in Texas.
