LyondellBasell to Sell Ethylene Oxide & Derivatives Business to INEOS

December 11, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)-- LyondellBasell (NYSE:LYB) (Rotterdam, Netherlands) has reached its goal of offloading its Ethylene Oxide & Derivatives business with plans to sell it to U.K.-based INEOS Limited (London, England). The $700 million sale includes LyondellBasell's production plant in Bayport, Texas, the companies announced Friday.