ROTTERDAM, Netherlands, December 1, 2009 – LyondellBasell announced today that it will shut down one polypropylene (PP) line in Wesseling, Germany, by the end of 2009. As a result, PP capacity at the site will be reduced by 110KT.
“We have concluded that our current polypropylene operating rate at Wesseling is no longer economically viable,” said Anton de Vries, LyondellBasell’s president of Europe, Asia & International. “The affected line in Wesseling is one of the smallest and oldest PP units we have in LyondellBasell. We continue to invest in state-of-the-art facilities.”
He added, “We will continue to meet the needs of our customers even as we rationalize certain assets.”
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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. LyondellBasell (www.lyondellbasell.com) is privately owned by ProChemie GmbH, a joint venture of Access Industries and ProChemie Holding Ltd.
Source: LyondellBasell Industries
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