ROTTERDAM, the Netherlands, March 19, 2019 -- LyondellBasell (NYSE: LYB), the world’s largest licensor of polyolefin technologies, today announced that Lianyungang Petrochemical Co., Ltd (a company of Zhejiang Satellite) has selected Hostalen “Advanced Cascade Process” (Hostalen ACP) technology from LyondellBasell for a 400KT per year high density polyethylene (HDPE) plant to be built at Lianyungang, Jiangsu Province, China.
We are grateful to Zhejiang Satellite for selecting our technology. With this contract, LyondellBasell has licensed more than 1 million tons of Hostalen ACP capacity this year,” said Jim Seward, vice president technology business and sustainability at LyondellBasell. “This clearly demonstrates this is the process technology of choice for the production of high-performance multimodal HDPE products.”
Mr. Lu Wei Wei, vice president of Zhejiang Satellite stated: “The market demands high-performance HDPE and LyondellBasell’s multi-modal technology effectively meets these needs. Selecting LyondellBasell’s low-pressure slurry process in our petrochemical complex will enable us to produce high-quality products reliably and economically.”
This project represents the 10th Hostalen ACP line licensed in China. With this license, the total design and operating capacity of Hostalen ACP lines in China will exceed 3.4 million tons per year.
Hostalen ACP process technology manufactures high-performance, multi-modal HDPE resins with an industry-leading stiffness/toughness balance, impact resistance, high stress cracking resistance and processing advantages used in film, blow moulding and pipe applications.
In addition to the Hostalen ACP process, LyondellBasell’s portfolio of licensed polyolefin processes and associated technical services includes:
Spheripol – The leading PP process technology with more than 25 million tons of licensed capacity. with globally recognized quality grades with leading monomer consumption and investment costs to make it the technology of choice
Spherizone – The breakthrough multi-zone circulating reactor provides a unique and innovative platform to manufacture polypropylene products with novel architecture and enhanced properties
Lupotech – The market leader on high pressure technology offers, with its high conversion rates and effective heat recovery system, the lowest operating and investment costs for the production of low density polyethylene (LDPE) and ethylene vinyl acetate (EVA) copolymers
Metocene PP – Innovative add-on technology for the production of specialty polypropylene products using single-site catalyst systems
Spherilene – Flexible gas phase process technology for the production of LLDPE, MDPE and HDPE
LyondellBasell (NYSE: LYB) is one of the largest plastics, chemicals and refining companies in the world. Driven by its employees around the globe, LyondellBasell produces materials and products that are key to advancing solutions to modern challenges like enhancing food safety through lightweight and flexible packaging, protecting the purity of water supplies through stronger and more versatile pipes, improving the safety, comfort and fuel efficiency of many of the cars and trucks on the road, and ensuring the safe and effective functionality in electronics and appliances. LyondellBasell sells products into more than 100 countries and is the world's largest producer of polymer compounds and the largest licensor of polyolefin technologies. In 2019, LyondellBasell was named to Fortune magazine’s list of the “World’s Most Admired Companies.” More information about LyondellBasell can be found at www.LyondellBasell.com. SOURCE: LyondellBasell