Which European sites and assets did LyondellBasell sell to Aequita, and what are their key production capabilities?

LyondellBasell sold olefins and polyolefins assets located at Berre (France), Münchsmünster (Germany), Carrington (UK), and Tarragona (Spain). The Berre site includes a 465,000 metric tons/year steam cracker, a low-density polyethylene unit, and a polypropylene plant; Münchsmünster has a 400,000 mt/y cracker and a high-density polyethylene plant; Carrington and Tarragona each have polypropylene units. LyondellBasell will continue operating its Advanced Polymer Solutions business in Tarragona.

What were the financial terms of the Aequita acquisition, including cash contributions, earnout, liabilities assumed, and expected loss for LyondellBasell?

Under the agreement, LyondellBasell contributed €265 million and Aequita contributed €10 million in cash to the businesses being sold; LyondellBasell is eligible for an earnout of up to €100 million over three years. Aequita assumed approximately €150 million in pension and employee liabilities, while LyondellBasell provided transition services and funded one-time separation costs. LyondellBasell expects to recognize a divestment loss of $700 million–$900 million, inclusive of cash contribution, net working capital transfer, and currency adjustment, plus additional pre-closing costs of $150 million–$200 million.

Aequita completes acquisition of LyondellBasell olefin, polyolefin assets in Europe

May 1, 2026

Aequita has completed acquiring LyondellBasell’s European olefin and polyolefin assets, forming a new platform named Velogy across key production sites. LyondellBasell expects a $700–900 million loss as part of its strategic portfolio refinement.

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Aequita completes acquisition of LyondellBasell olefin, polyolefin assets in Europe

Aequita completes acquisition of LyondellBasell olefin, polyolefin assets in Europe

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