Communicator

On Oct. 23, Bora LyondellBasell Petrochemical Co., Ltd. (BLYB) celebrated producing 5 million tonnes of polyolefins since its commissioning, LyondellBasell reports on Linkedin. This news triggered us into creating a model of the Panjin site with a good level of details (illustration above), although some information is still lacking, especially on specific technologies employed. BLYB, a joint venture between LYB and Jincheng Petrochemical, operates one of China’s largest polyolefin production sites in Panjin, Liaoning, with an annual capacity of 1.1 million tons of ethylene and related products.

#lyondellbasell  #jincheng  #petrochemicals  #polyolefins  #china  #blyb  #boralyndellbasell  #ethylene 

BLYB, a joint venture between LYB and Jincheng Petrochemical, operates one of China’s largest polyolefin production sites in Panjin, Liaoning, with an annual capacity of 1.1 million tons of ethylene and related products.

Source: 24^th Oct 2024, Lyondellbasell on Linkedin

#bora  #lyondellbasell  #jincheng  #petrochemical  #china  #liaoning  #panjin  #polyolefins 

We are progressively adding Olefins Solution Polymerisation Processes to the database of processes and technologies.

#solutionpolymerisation  #ethylene  #propylene  #polyolefins  #elastomers  #plastomers 

LyondellBasell today announced the formal launch of a strategic review of the European assets of its Olefins & Polyolefins and Intermediates & Derivatives business units. The assessment will evaluate the assets through the lens of the company's strategy to Grow & Upgrade the Core, Build a Profitable Circular and Low Carbon Solutions Business, and Step Up Performance & Culture.

"At the 2023 Capital Markets Day, we stated our intent to concentrate our portfolio around businesses with long-lasting competitive advantage and to reinvest around those advantaged areas generating superior returns at meaningful scale," said Peter Vanacker, LyondellBasell chief executive officer. "These criteria have not changed."

The company's investments in a commercial-scale MoReTec plant, LyondellBasell's proprietary technology to convert plastic waste into liquid raw materials, and the development of a circularity hub in the Cologne, Germany region will continue as planned. LyondellBasell will also continue to invest and leverage its differential technology position as a key enabler to grow and upgrade the core asset base.

"The company will prioritize its investments to align operations with our circularity and net zero ambitions," Vanacker added. "We understand that strategic assessments can create uncertainty for our employees and customers, but we are committed to operate our assets safely and reliably throughout this process."

Source: LyondellBasell Corporate & Financial News, 8^th May 2024

#olefins #polyolefins  #europe  #assets  #circularity  #netzero  #plasticwaste