ROTTERDAM, Netherlands, October 2, 2018 – LyondellBasell (NYSE: LYB) today announced that Zhejiang Petroleum & Chemical Co., Ltd (ZPCC) has selected LyondellBasell’s world-leading polypropylene (PP), high-density polyethylene (HDPE) and low-density polyethylene (LDPE) technologies for five new plants.
The plants will be built at Zhoushan City in ZPCC’s petrochemical complex in Zhoushan City, P.R. China. The complex will include two 450 KTA polypropylene plants that will utilize LyondellBasell’s Spherizone PP process technology and two low-density polyethylene plants, 300 and 400 KTA respectively, which will utilize Lupotech T process technology. The complex will also include a 350 KTA high-density polyethylene plant which will utilize Hostalen ACP process technology.
At a total capacity of almost 2 million tonnes, these new licenses constitute the largest volume of new capacity ever licensed by LyondellBasell in a single location.
ZPCC’s selection of Spherizone as the innovative manufacturing platform for polypropylene resins with enhanced properties, Hostalen ACP as the leading low-pressure slurry process for the production of high-performance multimodal HDPE resins and Lupotech T as the market leader in high-pressure tubular LDPE technology offering low operating and investment cost, shows once again the confidence the market has in our technologies”, said Jim Seward, vice president technology business, sustainability and O&P EAI JV Management at LyondellBasell. “This again demonstrates LyondellBasell’s leadership in polymer process technologies.”
Mr. Li Shuirong, Board Chairman of ZPCC said, “These process technologies were selected following a detailed investigation, combined with extensive discussions with various licensors. We are confident that the polyolefin technologies we have licensed from LyondellBasell will contribute positively to the innovation, productivity and efficiency of our new business operation.”
In addition to the Spherizone, Lupotech and Hostalen processes, LyondellBasell’s portfolio of licensed polyolefin processes and associated technical services includes:
- Spheripol – The leading PP process with more than 24 million tons of licensed capacity combines its globally recognized quality grades with leading monomer consumption and investment costs to make it the technology of choice
- 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 polypropylene compounds and the 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. SOURCE: Lyondellbasell
For information, contact: David Greely (+1 (713) 309.4395)