New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

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.
News For LYB From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
April 24, 2015
16:19 EDTLYBOn The Fly: Top stock stories for Friday
Subscribe for More Information
11:42 EDTLYBLyondellBasell to evaluate strategies including M&A, Bloomberg says
Subscribe for More Information
07:10 EDTLYBLyondellBasell says April business conditions consistent with Q1
During the first few weeks of April, business conditions within olefins and polyolefins segments have been relatively consistent with the first quarter. Planned and unplanned industry downtime has continued to support polyolefins pricing. Additionally, in the U.S., NGL feedstock inventories stand at or near record levels, production has remained strong, and NGL prices are low. During the quarter, the company expects Intermediate and Derivatives segment to benefit from normal seasonal trends. Thus far, Refining industry spreads have declined versus the first quarter but remain healthy.
07:09 EDTLYBLyondellBasell reports Q1 EPS excluding LCM $2.54, consensus $1.98
Subscribe for More Information
07:08 EDTLYBLyondellBasell reports Q1 EPS cont ops $2.42, consensus $1.98
Subscribe for More Information
April 23, 2015
15:01 EDTLYBNotable companies reporting before tomorrow's open
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use