Is Equistar LyondellBasell?
Equistar Chemicals is an indirect subsidiary of LyondellBasell Industries AF S.C.A. LyondellBasell, through its global subsidiaries, has 11 olefins plants worldwide and a rated annual capacity of 14.9 billion pounds of ethylene and 8.7 billion pounds of propylene.
Does Lyondell own Equistar?
Lyondell acquires Millennium Chemicals Inc. As a result, Equistar becomes a wholly owned subsidiary of Lyondell. Basell completes start-up of the world’s largest low density polyethylene plant (LDPE) in Berre France, with a single line capacity of 320,000 tons per year.
What does Lyondell make?
The company is the largest licensor of polyethylene and polypropylene technologies. It also produces ethylene, propylene, polyolefins, and oxyfuels.
What does LyondellBasell sell?
LyondellBasell sells products into more than 100 countries and is the world’s largest producer of polypropylene compounds and the largest licensor of polyolefin technologies. In 2021, LyondellBasell was named to Fortune Magazine’s list of the “World’s Most Admired Companies” for the fourth consecutive year.
Who is the CEO of LyondellBasell?
Bhavesh V. Patel (Jan 12, 2015–)
LyondellBasell/CEO
Who are LyondellBasell’s competitors?
LyondellBasell’s top competitors include Braskem, Honeywell UOP, BASF Catalysts, SABIC, Borealis, RPM International, Eastman and Huntsman Corporation. LyondellBasell is a company operating as a manufacturer of chemicals and polymers.
How many employees does LyondellBasell have?
LyondellBasell’s employment was around 19,200 workers as of 2020. LyondellBasell’s company goals are to create solutions to food safety and access, clean water, clean air and fuel, health care, and sustainable living. LyondellBasell is one of the world’s leading chemicals, plastics, and refining companies globally.
Where is LyondellBasell corporate headquarters?
Rotterdam, Netherlands
LyondellBasell/Headquarters
Is LYB stock a buy?
Out of 13 analysts, 6 (46.15%) are recommending LYB as a Strong Buy, 0 (0%) are recommending LYB as a Buy, 6 (46.15%) are recommending LYB as a Hold, 1 (7.69%) are recommending LYB as a Sell, and 0 (0%) are recommending LYB as a Strong Sell.
Is XOM a buy or sell?
XOM stock is in buy range after breaking out of a cup base with a 65.02 entry point, according to MarketSmith chart analysis. The Accumulation/Distribution rating of B- indicates more buying than selling of XOM stock by institutional investors.
Who are the partners of Equistar Chemical Company?
1997: Lyondell Chemical Company and Millennium Chemicals form Equistar as a joint venture. 1998: Occidental Chemical Corporation becomes the third joint venture partner. 2002: Lyondell acquires Occidental’s Equistar interest.
What was the value of the Equistar merger?
As a result of the merger, Equistar controlled $7 billion in assets and in pro forma sales in 1997 generated $6 billion. It was now North America’s largest olefins producer and the second largest in the world. It was also one of the top three producers of ethylene, propylene, butadiene, and polyethylene in North America and the world.
How many miles of pipeline does Equistar have?
In addition, Equistar maintains 1,400 miles of pipelines in Texas and Louisiana to serve both Equistar and Lyondell facilities, transporting a variety of chemicals as well as natural gas, diesel, butane, and propane.
When did millennium and Lyondell form Equistar Chemicals?
In 1997 Lyondell and Millennium petrochemical and polymer assets were used to form Equistar Chemicals, LP. Lyondell held a 57 percent stake in the joint venture and Millennium held the balance.