LyondellBasell, Sasol form integrated polyethylene joint venture
HOUSTON and JOHANNESBURG — LyondellBasell and Sasol have entered into a definitive agreement to form a 50/50 joint venture (JV) through which LyondellBasell will acquire 50 percent of Sasol’s 1.5-million- ton ethane cracker, 0.9-million-ton low and linear-low density polyethylene plants, and associated infrastructure for a total consideration of $2 billion. The agreement includes customary rights […]
Shell to divest 8 refineries from its portfolio
Shell plans to reduce its refinery portfolio to six sites from 14 by 2025, the company said on Thursday in its third-quarter results announcement for 2020. The company said it will transform its refining portfolio from the current 14 sites into six high-value energy and chemical parks. The six sites include Deer Park, Texas, U.S.; […]
