LyondellBasell Achieves Production Milestone of Two Million Tonnes of Multimodal HDPE in Europe
ROTTERDAM, Netherlands, January 18, 2010 – LyondellBasell Industries has achieved another significant milestone in the commercial introduction of its Hostalen Advanced Cascade Process (ACP) technology, with the production of two million tonnes of multimodal high density polyethylene (HDPE) produced and marketed in Europe to date. “This significant success demonstrates that HDPE resins based on LyondellBasell’s Hostalen Advanced Cascade Process (Hostalen ACP) have become the materials of choice for customers’ small blow molding, large blow molding, pipe and film applications respectively,” said Tassilo Bader, head of LyondellBasell’s polyethylene and polyolefins solutions business in Europe, Asia and International. “To a large extent, we have attained this milestone due to the significant market penetration that has been achieved in small blow molding applications with multimodal resins such as Hostalen ACP 5831D.” Material savings and lighter-weight products “Raising the property profile of HDPE underscores LyondellBasell’s strong innovation heritage,” said Bader. ”We continue to extend our leading polyolefin process technologies portfolio, which enables us to develop new products and respond flexibly to market needs.” He added, “With this year’s successful start up of the world-scale Hostalen ACP plant by our joint venture Saudi Ethylene and Polyethylene Company (SEPC), multimodal grades will also be made available for the Asian markets, enabling us to serve global customers on a global base.” According to Kaspar Evertz, who is responsible for the global licensing business of LyondellBasell, “More than two million tonnes produced and marketed in a mature market such as Europe, represents a remarkable achievement in our efforts to expand the use of Hostalen ACP multimodal resins in film, blow molding and pipe applications. It also affirms the superior product range offered by this process for the highly competitive HDPE market. “ Early this year, LyondellBasell began licensing the Hostalen ACP process globally. To date, more than two million tonnes have been licensed, with some capacity already installed and other capacity under construction. LyondellBasell's licensing portfolio of polyolefin processes and services include
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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. |