LyondellBasell grants Hostalen ACP License to Lianyungang Petrochemical Co., Ltd.
ROTTERDAM, the Netherlands, March 19, 2019 -- LyondellBasell (NYSE: LYB), the world’s largest licensor of polyolefin technologies, today announced that Lianyungang Petrochemical Co., Ltd (a company of Zhejiang Satellite) has selected Hostalen “Advanced Cascade Process” (Hostalen ACP) technology from LyondellBasell for a 400KT per year high density polyethylene (HDPE) plant to be built at Lianyungang, Jiangsu Province, China. We are grateful to Zhejiang Satellite for selecting our technology. With this contract, LyondellBasell has licensed more than 1 million tons of Hostalen ACP capacity this year,” said Jim Seward, vice president technology business and sustainability at LyondellBasell. “This clearly demonstrates this is the process technology of choice for the production of high-performance multimodal HDPE products.”
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About LyondellBasell: 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 polymer compounds and the largest licensor of polyolefin technologies. In 2019, 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 |