31 articles
Shell is divesting underperforming US chemical assets valued at up to $8 billion, attracting bids from ExxonMobil and LyondellBasell. The production sites supply plastics, detergents, and pharmaceutic
Shell PLC accepted multiple non-binding bids for its US chemical assets from major producers like Exxon Mobil and LyondellBasell, according to a Financial Times report.
Shell is receiving bids up to $8 billion for its US petrochemical business from rivals like LyondellBasell and ExxonMobil. The deal includes significant assets such as the Monaca, Pennsylvania facilit
Shell's US chemical assets attract bids from Exxon, LyondellBasell, and others in a potential $8 billion deal, per Financial Times.
Supply disruptions from the Iran conflict and Strait of Hormuz closures have boosted profits for major US and European chemical companies, with LyondellBasell reporting second-quarter earnings up near
LyondellBasell's Q2 adjusted EPS reached $4.30, exceeding expectations, while Middle East supply disruptions damaged 6 million tons of polyethylene capacity, surging EBITDA by over 200%.
LyondellBasell reported Q2 adjusted net income of $1.401 billion, beating estimates. Price hikes from Middle East conflict-driven supply disruptions in polyethylene markets expanded margins across all
Low Rhine water levels disrupt naphtha logistics and cooling, forcing production curtailments at major German petrochemical sites like LyondellBasell and Shell. This has triggered force majeure declar
Velogy, a spin-off from LyondellBasell assets, plans to leverage the chemical industry's shift toward regional business models to better serve European customers. The company's leadership discussed th
A freight forwarder warns Strait of Hormuz traffic could take months to normalize, prolonging elevated chemical and plastic prices. Industry leaders from LyondellBasell and Dow concur, highlighting si
LyondellBasell confirmed plans to permanently close its remaining polypropylene plant in Brindisi, Italy, by end-2026. The move follows the shutdown of a key propylene feedstock cracker and persistent
LyondellBasell plans to close its remaining polypropylene plant in Brindisi, Italy, citing high structural costs and feedstock shortages following a competitor's shutdown. The move affects 81 direct e
The CW75 index rose 0.58% last week, trailing major benchmarks like the S&P500. LyondellBasell shares gained after reporting first-quarter earnings that exceeded analyst expectations.
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
Velogy launched as a new European polymers business formed from LyondellBasell’s assets acquired by AEQUITA. The Rotterdam-based company operates four plants and plans expansion through acquiring SABI
LyondellBasell reported Q1 adjusted net income of $163 million, beating estimates amid Middle East supply disruptions. The company forecasts continued margin expansion driven by tighter global supply
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
LyondellBasell executives view polypropylene as a high-margin opportunity amid Strait of Hormuz disruptions affecting global supply chains. The US has flipped to a net PP exporter, where every $100/to
LyondellBasell showcased innovative polymer solutions and value chain collaborations at CHINAPLAS 2026 in Shanghai. The company highlighted partnerships in EV, packaging, and recycling sectors to meet
The China-Russia 'Friendship Bridge' Business Week took place in Panjin from April 10-14, featuring Russian delegations visiting petrochemical firms such as LyondellBasell to enhance energy and chemic
Former LyondellBasell CEO Patel received the AFPM’s Petrochemical Heritage Award. Currently serving on Air Products and Chemicals Inc.'s board, he previously led major industry players like W.R. Grace
Dow and LyondellBasell CEOs warn the Hormuz Strait blockade has shut down significant capacity and will permanently reshape the market. They anticipate lasting strategic shifts in feedstock sourcing a
Rising oil prices driven by Middle East conflicts have prompted analysts to upgrade earnings forecasts for US ethylene producers like Dow and LyondellBasell. Market tightening and supply disruptions a
LyondellBasell shut down its Bayport Choate PO/TBA plants following an operational upset and gas flare, causing US MTBE spot prices and liquidity to rise.
LyondellBasell declared force majeure on polyolefin supply due to global supply chain disruptions linked to the Middle East war.
Munich-based AEQUITA has acquired over 6 million tons of European olefin and polyolefin capacity from LyondellBasell and SABIC, positioning itself as Europe's largest polyolefin producer while utilizi
LyondellBasell has reduced its 2030 sustainability goals to maintain capital discipline, CEO Peter Vanacker states amid current economic conditions.
LyondellBasell reported a Q4 2025 adjusted net loss of $79 million, missing market expectations due to margin compression and unplanned maintenance. This performance underscores profitability challeng
LyondellBasell reported a Q4 adjusted net loss of $79 million, reversing a $330 million profit from the previous quarter. The result missed analyst consensus estimates of a $63 million profit amid nar
Winter storms caused operational disruptions and shutdowns at key chemical facilities operated by LyondellBasell and Celanese in Texas, affecting acetyls production complexes.
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