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Researched by Industrial Info Resources (Sugar Land, Texas)--Like other chemical and refining companies, LyondellBasell Industries NV (NYSE:LYB) (Houston, Texas) has been jolted this year by the COVID-19 pandemic and its economic fallout.
Earlier this year, the company slashed $500 million from its capital-spending budget. For the just-ended third quarter, it saw earnings plunge 88% from the same period last year.
Industrial Info is tracking $5.35 billion in active capital-spending projects from LyondellBasell, including its $1.9 billion propylene oxide and tertiary butyl alcohol (PO/TBA) unit addition at its olefins facility in Channelview, Texas, which is now expected to be completed a year later than originally planned due to the pandemic.
To read the complete article, see the most recent edition of Industrial Info's NavigatIIR online newsletter.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
Earlier this year, the company slashed $500 million from its capital-spending budget. For the just-ended third quarter, it saw earnings plunge 88% from the same period last year.
Industrial Info is tracking $5.35 billion in active capital-spending projects from LyondellBasell, including its $1.9 billion propylene oxide and tertiary butyl alcohol (PO/TBA) unit addition at its olefins facility in Channelview, Texas, which is now expected to be completed a year later than originally planned due to the pandemic.
To read the complete article, see the most recent edition of Industrial Info's NavigatIIR online newsletter.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
