LyondellBasell Retains Spending Plans as Ethylene, Polyethylene Demand Rises

SUGAR LAND--August 5, 2019--Researched by Industrial Info Resources (Sugar Land, Texas)--LyondellBasell Industries NV (NYSE:LYB) (Houston, Texas) reported "resilient demand" for the majority of its products in second-quarter 2019, particularly ethylene and polyethylene. The plastics, chemicals and refining giant is maintaining its capital-spending outlook, putting it on a firmer footing than Dow Incorporated (NYSE:DOW) (Midland, Michigan) and other peers that have pared spending plans amid slowing global economic factors. Industrial Info is tracking nearly $8 billion in active projects from LyondellBasell, almost half of which is attributed to capital projects under construction. Within this article: Details on some of LyondellBasell's highest-valued projects, including a series of big-ticket chemical and refining projects along the Texas Gulf Coast.