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The start-up of the new production line marks another milestone in LyondellBasell's (LYB) ongoing commitment to the China market.
LyondellBasell (LYB) acquires a 35% stake in NATPET from Alujain, boosting its PP business and Saudi presence with plans for a new propylene facility.
HOUSTON and RIYADH, Saudi Arabia , May 30, 2024 /PRNewswire/ -- LyondellBasell (LYB) and Alujain Corporation (Alujain) today announced completion of the acquisition of a 35% interest in Saudi Arabia–based National Petrochemical Industrial Company (NATPET) by LYB from Alujain. The joint venture is enabled by LYB Spheripol polypropylene (PP) technology and positions LYB to profitably expand its core PP business by gaining access to advantaged feedstocks and additional product marketing volumes.
LyondellBasell (LYB), through this partnership, can contribute to the elimination of plastic waste in the environment and the development of solutions for everyday sustainable living.
With this hike, LyondellBasell (LYB) will increase its dividend for the 14th consecutive year in 2024.
LyondellBasell Industries NV said Friday that it raised its dividend by 7%, reinforcing the chemicals and plastics resins company's position as having the highest-yielding stock among its materials-sector peers.
HOUSTON and LONDON , May 24, 2024 /PRNewswire/ -- LyondellBasell (NYSE: LYB) today announced its board of directors has declared a quarterly dividend of $1.34 per share, representing a 7 percent increase over the company's first quarter 2024 dividend. The dividend will be paid to shareholders on June 10, 2024, with an ex-dividend and record date of June 3, 2024.
The new product grades demonstrate how LyondellBasell (LYB) is developing solutions for everyday sustainable living.
This distribution facility in Hungary is a significant addition to LyondellBasell's (LYB) global footprint.
ROTTERDAM, Netherlands, May 16, 2024 /PRNewswire/ -- LyondellBasell, a global leader in the chemical industry, is proud to announce the establishment of a new distribution hub in Hungary for its polyolefins grades. This move is part of our ongoing commitment, also illustrated by the opening of the UK hub in November 2023, to enhancing the customer experience by placing inventories closer to our customers' facilities reducing lead times on orders.