LyondellBasell and Sasol Complete Louisiana Joint Venture Transaction
LyondellBasell Industries NV Ordinary Shares Class A (Netherlands) (LYB)
Last lyondellbasell industries nv ordinary shares class a (netherlands) earnings: 5/1 06:30 am
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US:NYSE Investor Relations:
lyondellbasell.com/en/investors
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Source: PR Newswire
HOUSTON and JOHANNESBURG, Dec. 2, 2020 /PRNewswire/ -- LyondellBasell (NYSE: LYB), one of the largest plastics, chemicals and refining companies in the world, and Sasol (JSE: SOL, NYSE: SSL), a global integrated chemicals and energy company, today announced the closing of their Louisiana-based Integrated Polyethylene Joint Venture (JV) transaction following required regulatory and shareholder approvals. The 50/50 JV includes a 1.5 MM ton ethane cracker, 0.9 MM ton low-density and linear-low density polyethylene plants, and associated infrastructure near Lake Charles, La, and will toll manufacture the products on behalf of the two shareholders.Under the terms of the transaction agreements, LyondellBasell will operate the three assets on behalf of the JV and market the polyethylene products on behalf of the two shareholders of the JV. Approximately 400 Sasol Lake Charles employees who directly support the JV assets are now employees of LyondellBasell. "The formation of this JV is part o
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LYB
Earnings
- 2/2/24 - Miss
LYB
Sec Filings
- 4/8/24 - Form ARS
- 4/8/24 - Form DEF
- 4/8/24 - Form DEFA14A
- LYB's page on the SEC website