What assets did Aequita acquire from LyondellBasell to form Velogy, and when did the deal close?

Aequita SE & Co. KGaA acquired select LyondellBasell petrochemical assets in France, Germany, Spain, and the UK—including two steam crackers, two polyethylene plants, and three polypropylene plants—to establish Velogy as a European polymers business; the acquisition closed on May 1, 2026.

What is Velogy’s strategic significance for European industry according to Aequita’s chairman Axel Geuer?

According to Axel Geuer, Aequita’s chairman, Velogy represents 'exactly what European industry needs right now: a focused business with ownership, pace and ambition, backed by deep operational expertise,' and reflects the importance of 'a strong European industrial base... for competitiveness and resilience.'

Velogy Launches as European Petrochemicals Player, Lines Up Additional Capacity

May 6, 2026

Velogy officially launched as a European polymers business following acquisitions of assets from LyondellBasell and SABIC. The new entity plans to expand operational capabilities and geographic reach with key facilities including steam crackers and polyolefin plants.

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2026-05-05

Velogy Launches as New European Polymers Business

2026-05-06

Velogy Launches as European Petrochemicals Player, Lines Up Additional Capacity

2026-06-18

PODCAST: Regionalization of Industry Will Give Velogy the Edge in Europe

2026-06-22

Europe Chems at Turning Point, Regionalisation Will Allow Local Champions to Emerge: Velogy

2026-06-23

Stronger Political Support Needed to Safeguard European Chemicals: Velogy

Velogy Launches as European Petrochemicals Player, Lines Up Additional Capacity

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