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News Breaks
March 13, 2013
12:02 EDTLYBLyondellBasell to expand Corpus Christi, Texas, cracker
LyondellBasel executives, led by CEO Jim Gallogly, told participants at the company's Investor Day in New York how LyondellBasell is preparing to build upon its record 2012 performance which included $5.8B of EBITDA and earnings of $4.96 per share. LyondellBasell expects to begin construction this month on the first of several projects that will expand U.S. ethylene capacity by approximately 20%. LyondellBasell announced plans to expand its Corpus Christi, Texas, cracker by 800 million pounds per year of ethylene, with construction scheduled to begin in 2014 and projected completion in 2015. Construction associated with the La Porte, Texas, expansion is expected to begin this month and will add 800 million pounds per year of ethylene upon completion in 2014. A third project will add 250 million pounds per year of ethylene at Channelview, Texas, with completion projected in 2015. In another project to take advantage of low-cost natural gas supplies in the United States, LyondellBasell announced that construction has commenced on the restart of a 260 million gallon-per-year methanol plant at Channelview. Startup of the methanol plant is projected for fourth quarter 2013. Additionally, LyondellBasell said that the ongoing retrofit at the Houston refinery will enhance operating flexibility and accommodate a greater percentage of light domestic crude oil and heavy Canadian crude oil. In Europe, the 40% expansion of butadiene capacity at Wesseling, Germany is scheduled for completion later in 2013.
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November 16, 2015
17:10 EDTLYBSoros took stake in Paypal, liquidated Herbalife stake
Soros Fund Management gave a quarterly update on its stakes in a filing this afternoon. NEW STAKES: Paypal (PYPL), CIT Group (CIT), Schlumberger (SLB), Kraft Heinz (KHC), and Amazon (AMZN). INCREASED STAKES: Allergan (AGN), Lions Gate (LGF), Energen (EGN), Southwest Airlines (LUV), and Qunar Cayman Islands (QUNR). DECREASED STAKES: LyondellBasell (LYB), YPF (YPF), Time Warner Cable (TWC), Dow Chemical (DOW), and Monsanto (MON). LIQUIDATED STAKES: Herbalife (HLF), Lennar (LEN), DR Horton (DHI), United Continental (UAL), and Nice Systems (NICE).
09:59 EDTLYBOmega bought Valeant in Q3, sold some SuneEdison
Leon Cooperman's Omega Advisors gave a quarterly update on its stakes in a filing this morning, disclosing its positions as of September 30. NEW STAKES: Pfizer (PFE), Valeant (VRX) Walgreens Boots Alliance (WBA), TerraForm Global (GLBL), Cigna (CI). INCREASED STAKES: Google Class A (GOOGL), Facebook (FB), Delta Air Lines (DAL). DECREASED STAKES: SunEdison (SUNE), Shire (SHPG), Citi (C), KAR Auction (KAR), LyondellBasell (LYB). LIQUIDATED STAKES: McKesson (MCK), 21st Century Fox (FOXA), General Motors (GM), QEP Resources (QEP), eBay (EBAY).

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