For the past 20 years the world has witnessed the rapid pace of economic development in China. It has been wide-ranging, sweeping through all sectors of business. As a result, ‘Made in China’ is a familiar label on many of the products we buy today. As a global leader in the manufacture of the building blocks used to make many of these products, it’s no surprise that LyondellBasell now sees China as key strategic market.
With more than 35 years experience in the Asian markets, LyondellBasell has built an encyclopedic knowledge of the region. With operations that are wholly-owned or managed together with partners, the company’s plants, sales offices and joint ventures have a wide range of products to offer to their respective markets.
In Chemicals, for example, the marriage of LyondellBasell’s industry-leading propylene oxide technology with raw materials provided by Sinopec Zhenhai Refining & Chemical Company has created one of the world’s largest, low-cost propylene oxide/styrene monomer (POSM) ventures. This joint venture received government approval in 2006 to construct a world-scale POSM manufacturing facility in Ningbo, near Shanghai.
The majority of the LyondellBasell operations in China are organized in the Polymers division. Here, the company’s presence is supported by an experienced and dedicated work force in Hong Kong, which includes three sales offices and two polypropylene compounding plants.