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Released February 06, 2023 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--Executives at LyondellBasell Industries NV (NYSE:LYB) (Rotterdam, Netherlands) say headwinds in the global Chemical Processing Industry are likely to persist in 2023, but they are optimistic about the company's prospects in the rapidly growing fields of oxyfuels, ethylene derivatives and plastics recycling. The potential is reflected in a series of U.S.-based projects, particularly along the Texas Gulf Coast. Industrial Info is tracking more than $5.3 billion worth of active projects from LyondellBasell worldwide, almost all of which are based in the U.S. and Canada.
Click on the image at right for a graph detailing LyondellBasell's active projects worldwide, by project type.
"In January, demand from consumer packaging, oxyfuels and refining markets remained stable," the company said in a quarterly earnings-related press release. "Moderating energy and feedstock costs are providing some offsets to tepid global demand. Nonetheless, challenging market conditions are expected to persist through the first half of 2023."
Among LyondellBasell's most anticipated near-term goals is the start-up of its new propylene oxide (PO)/tertiary butyl alcohol (TBA) unit at its complex in Channelview, Texas, which is on track for the end of the first quarter. The addition, which will produce 500,000 tons per year of PO and nearly 998,000 tons per year of TBA, will position the company to meet the growing demand for polyurethanes and high-octane, clean-burning oxyfuels. Subscribers to Industrial Info's Global Market Intelligence (GMI) Chemical Processing Project Database can learn more from a detailed project report.
LyondellBasell also is planning an oxyfuels unit addition at its PO/TBA complex in Bayport, Texas, which is designed to produce ethyl-tertiary-butyl-ether (ETBE), a high-octane gasoline component made from ethanol and isobutane, to support PO/TBA production. The project is set to wrap up around the same time. Subscribers can learn more from a detailed project report.
Also on the Texas Gulf Coast, LyondellBasell is considering a new polyethylene unit at its Matagorda Polyethylene Resins Complex in Bay City, which would use the company's Hyperzone PE technology to produce 600 million pounds per year of high-density polyethylene (HDPE) resin. HDPE forms the largest product family in polyethylene and is used in products such as pipes, industrial packaging, bottles, healthcare articles and fibers. Subscribers can learn more from a detailed project report.
LyondellBasell's ethylene margins decreased in full-year 2022, when compared with 2021, driven by lower demand, higher feedstock costs, higher energy costs and lower co-product sales prices. Ethylene volumes declined due to planned and unplanned unit turnarounds.
Nonetheless, the company is preparing to improve or replace equipment at its ethylene and polyethylene plant in Morris, Illinois, this summer. The Morris plant produces 1.13 billion pounds per year of ethylene, 606 million pounds per year of low-density polyethylene (LDPE) and 700 million pounds per year of linear low-density polyethylene (LLDPE). Subscribers can learn more from Industrial Info's project report.
Executives at LyondellBasell also vowed the company would continue developing its plans for plastic waste sorting and recycling facilities in U.S., Germany, India and China. Houston Refining LP (Houston, Texas), a U.S.-based subsidiary, is proposing the conversion of an oil refinery to plastic-recycling facility in Houston, Texas. In August, company representatives told Houston Business Journal that LyondellBasell was seeking to expand its advanced recycling capacity, which could reduce mixed, typically hard-to-recycle plastics to monomer feedstocks, which can be used to make new plastic. Subscribers can find more details in Industrial Info's project report.
Efforts to develop the Houston facility were mirrored in Europe, where LyondellBasell recently established its Circular and Low Carbon Solutions business unit to focus on the growing global demand for recycled and renewable-based solutions. The company is preparing to begin construction next year on a plastic-recycling plant in Wesseling, Germany, which is designed to convert pre-treated plastic waste into 50,000 tons per year of pyrolysis oil, which is a feedstock for new plastic production. The facility will use LyondellBasell's MoReTec technology, which decomposes polyolefin-based plastic waste to allow for the recycling of a wide range of materials, such as multi-layered food packaging items and mixed plastic containers, according to LyondellBasell. Subscribers can learn more from Industrial Info's project report.
"Progressing our MoReTec technology represents another step LyondellBasell is making to accelerate the development and implementation of scalable, sustainable and circular technology," said Yvonne van der Laan, LyondellBasell's executive vice president for Circular and Low Carbon Solutions, in a press release. "This high yield, differential technology will allow us to convert plastic waste into pyrolysis oil and pyrolysis gas for use in our crackers as feedstock leading to the production of new plastic materials."
Subscribers to Industrial Info's GMI Project Database can click here for a full list of detailed reports for projects mentioned in this article, and click here for a full list of related plant profiles.
Subscribers can click here for a full list of reports for active projects worldwide from LyondellBasell.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).
Click on the image at right for a graph detailing LyondellBasell's active projects worldwide, by project type."In January, demand from consumer packaging, oxyfuels and refining markets remained stable," the company said in a quarterly earnings-related press release. "Moderating energy and feedstock costs are providing some offsets to tepid global demand. Nonetheless, challenging market conditions are expected to persist through the first half of 2023."
Among LyondellBasell's most anticipated near-term goals is the start-up of its new propylene oxide (PO)/tertiary butyl alcohol (TBA) unit at its complex in Channelview, Texas, which is on track for the end of the first quarter. The addition, which will produce 500,000 tons per year of PO and nearly 998,000 tons per year of TBA, will position the company to meet the growing demand for polyurethanes and high-octane, clean-burning oxyfuels. Subscribers to Industrial Info's Global Market Intelligence (GMI) Chemical Processing Project Database can learn more from a detailed project report.
LyondellBasell also is planning an oxyfuels unit addition at its PO/TBA complex in Bayport, Texas, which is designed to produce ethyl-tertiary-butyl-ether (ETBE), a high-octane gasoline component made from ethanol and isobutane, to support PO/TBA production. The project is set to wrap up around the same time. Subscribers can learn more from a detailed project report.
Also on the Texas Gulf Coast, LyondellBasell is considering a new polyethylene unit at its Matagorda Polyethylene Resins Complex in Bay City, which would use the company's Hyperzone PE technology to produce 600 million pounds per year of high-density polyethylene (HDPE) resin. HDPE forms the largest product family in polyethylene and is used in products such as pipes, industrial packaging, bottles, healthcare articles and fibers. Subscribers can learn more from a detailed project report.
LyondellBasell's ethylene margins decreased in full-year 2022, when compared with 2021, driven by lower demand, higher feedstock costs, higher energy costs and lower co-product sales prices. Ethylene volumes declined due to planned and unplanned unit turnarounds.
Nonetheless, the company is preparing to improve or replace equipment at its ethylene and polyethylene plant in Morris, Illinois, this summer. The Morris plant produces 1.13 billion pounds per year of ethylene, 606 million pounds per year of low-density polyethylene (LDPE) and 700 million pounds per year of linear low-density polyethylene (LLDPE). Subscribers can learn more from Industrial Info's project report.
Executives at LyondellBasell also vowed the company would continue developing its plans for plastic waste sorting and recycling facilities in U.S., Germany, India and China. Houston Refining LP (Houston, Texas), a U.S.-based subsidiary, is proposing the conversion of an oil refinery to plastic-recycling facility in Houston, Texas. In August, company representatives told Houston Business Journal that LyondellBasell was seeking to expand its advanced recycling capacity, which could reduce mixed, typically hard-to-recycle plastics to monomer feedstocks, which can be used to make new plastic. Subscribers can find more details in Industrial Info's project report.
Efforts to develop the Houston facility were mirrored in Europe, where LyondellBasell recently established its Circular and Low Carbon Solutions business unit to focus on the growing global demand for recycled and renewable-based solutions. The company is preparing to begin construction next year on a plastic-recycling plant in Wesseling, Germany, which is designed to convert pre-treated plastic waste into 50,000 tons per year of pyrolysis oil, which is a feedstock for new plastic production. The facility will use LyondellBasell's MoReTec technology, which decomposes polyolefin-based plastic waste to allow for the recycling of a wide range of materials, such as multi-layered food packaging items and mixed plastic containers, according to LyondellBasell. Subscribers can learn more from Industrial Info's project report.
"Progressing our MoReTec technology represents another step LyondellBasell is making to accelerate the development and implementation of scalable, sustainable and circular technology," said Yvonne van der Laan, LyondellBasell's executive vice president for Circular and Low Carbon Solutions, in a press release. "This high yield, differential technology will allow us to convert plastic waste into pyrolysis oil and pyrolysis gas for use in our crackers as feedstock leading to the production of new plastic materials."
Subscribers to Industrial Info's GMI Project Database can click here for a full list of detailed reports for projects mentioned in this article, and click here for a full list of related plant profiles.
Subscribers can click here for a full list of reports for active projects worldwide from LyondellBasell.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).
