ROTTERDAM, Netherlands, July 31, 2018 – LyondellBasell (NYSE: LYB) today announced that Qingdao Jinneng New Material Co., Ltd. has selected LyondellBasell’s world leading polypropylene fifth generation Spheripol technology for a 450KTA unit to be constructed in their petrochemical complex in Qingdao City, Shandong Province, P.R China.
“The Spheripol process is recognized globally for its proven track record, favorable economics and its ability to produce the industry benchmark products that are demanded by customers,” said Dan Coombs, executive vice president Global Manufacturing, Projects, Refining and Technology at LyondellBasell. “This fifth generation Spheripol technology is the result of a continuous improvement furthering our ability to meet customer needs.”
Mr. QIN Qingping, Founder and CEO of Jinneng Science & Technology Company., Ltd., parent company of Qingdao Jinneng New Material Co. Ltd., said, “We selected Spheripol for its capacity to produce a broad product slate, process efficiency and outstanding performance of environment friendly technology.” Spheripol is the leading polypropylene process technology with more than 24 million tons of licensed capacity. It combines globally recognized quality polypropylene grades with leading monomer efficiency and investment cost to make it the technology of choice.
In addition to the Spheripol process, LyondellBasell’s portfolio of licensed polyolefin processes and associated technical services includes:
- Spherizone – The breakthrough multi-zone circulating reactor provides a unique and innovative platform to manufacture polypropylene products with novel architecture and enhanced properties
- Hostalen – Leading low-pressure slurry process for the production of high-performance multimodal HDPE
- 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)
- 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
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LyondellBasell (NYSE: LYB) is one of the largest plastics, chemicals and refining companies in the world. Driven by its 13,400 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, and improving the safety, comfort and fuel efficiency of many of the cars and trucks on the road. LyondellBasell sells products into approximately 100 countries and is the world's largest licensor of polyolefin technologies. In 2018, 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.
For information, contact: David Greely (+1 (713) 309.4395)