Hong Kong, December 16, 2008 -- LyondellBasell Industries has announced the start-up of its new polypropylene (PP) compounding facility in Nansha, China, with a nominal capacity of 15,000 tonnes per year. The new facility is operated by Guangzhou Basell Advanced Polyolefins Co., and supplies polypropylene composites and alloy materials to the automotive and appliance industries.
“The Nansha plant opening marks another milestone in our ongoing commitment to this market, and underscores our leadership position in polypropylene compounding,” said Frank Noeltgen, Vice President of LyondellBasell’s Automotive Business in Asia Pacific. “As the world’s leading producer of PP compounds, we strive to provide industry-defining products and services to our customers in the fast-growing automotive and appliance markets of southern China.”
Speaking at the Grand Opening Ceremony of the Nansha plant, Paul Yeates, Senior Vice President of LyondellBasell’s Advanced Polyolefins Business, said, “One of the most important regions for us in terms of our future growth is Asia, and in particular, China. We recognized the importance of the market in China back in 2005 when we opened our first PP compounding plant in the country in Suzhou. With the opening of our second plant in China, our total PP compounding capacity in the country is now 50,000 tonnes annually.”
LyondellBasell operates 15 PP compounding plants in 12 countries on four continents, which produce 1.2 million tons per year. The company’s 16th PP compounding plant will be on-stream in Saudi Arabia next year, and plants in India and Russia are planned for the near future.
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LyondellBasell Industries is one of the world's largest polymers, petrochemicals and fuels companies. We are the global leader in polyolefins technology, production and marketing; a pioneer in propylene oxide and derivatives; and a significant producer of fuels and refined products, including biofuels. Through research and development, LyondellBasell develops innovative materials and technologies that deliver exceptional customer value and products that improve quality of life for people around the world. Headquartered in The Netherlands, LyondellBasell (http://www.lyondellbasell.com/) is privately owned by Access Industries.
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