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News Breaks
February 1, 2013
08:38 EDTLYBLyondellBasell says has seen a good start to 2013
The company said, "We have seen a good start in 2013. Our assets have run well through the early weeks of the new year. Overall, the fundamentals that supported our success during 2012 have continued. Our employees remain very focused, and we anticipate another strong year in 2013. Olefins in North America continue to benefit from strong margins created by low priced natural gas liquid raw materials. However, outside of North America, the global olefins industry continues to experience low operating rates and profitability, negatively impacting our European olefins and commodity polyolefin businesses. The diversified portfolio of businesses in our Intermediates and Derivatives segment continues to realize solid performance. Our Refining segment will be impacted by a turnaround in the first quarter as we complete scheduled maintenance at our Houston refinery."
News For LYB From The Last 14 Days
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September 30, 2014
14:31 EDTLYBLyondellBasell shares defended at JPMorgan
September 29, 2014
16:44 EDTLYBLyondellBasell CEO Gallogly to retire in early 2015
LyondellBasell announced that CEO James L. Gallogly will retire from the company in early 2015. Gallogly will continue to serve as CEO and chairman of the LyondellBasell management board in the interim to ensure an orderly transition pending the selection of his replacement. The LyondellBasell supervisory board of directors has formed a committee to choose Gallogly's successor.
September 24, 2014
06:04 EDTLYBLyondellBasell evaluating further expansion at Channelview
LyondellBasell announced that it is evaluating a further expansion project at its petrochemical plant in Channelview, Texas, that would potentially add up to 550M pounds-per-year of ethylene capacity. Preliminary engineering work is already underway to assess expansion feasibility. If the project proceeds, the anticipated time frame for completion would be 2017. The proposed expansion project would be in addition to work already underway to install two large cracking furnaces at the Channelview site that are slated to increase production by 250M pounds-per- year when construction work is expected to be completed early next year. In addition to expansion at Channelview, LyondellBasell is increasing ethylene capacity at two other Texas plants. An 800 million pounds-per-year expansion has just been completed in La Porte. And an additional 800 million pounds of capacity are being added at the company's site in Corpus Christi, which is scheduled for completion in late 2015. When all three are completed, a total of 1.85B pounds of ethylene capacity are expected each year. This figure will increase to 2.4B if the additional expansion project is finalized.
September 16, 2014
07:39 EDTLYBCredit Suisse to hold a conference
Basic Materials Conference to be held in New York on September 16-18.

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