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News Breaks
May 2, 2014
10:21 EDTLYBLyondellBasell says North American ethylene expansion program on schedule
LyondellBasell announced it has received a key permit required in the company's multi-plant ethylene expansion program which, when fully operational, is expected to increase annual ethylene capacity by an estimated 1.85B pounds, for a total estimated capacity of 11.8B pounds in North America. The ethylene expansion program began in 2013 and represents a total investment of approximately $1.3B in the company's Channelview, La Porte and Corpus Christi, Texas plants which benefit from shale gas production. The required plant modifications are well underway at the La Porte facility and are scheduled to be completed this summer. Start-up at the Channelview plant is planned for early 2015. Construction at Corpus Christi is expected to begin during the second half of this year with start-up scheduled for late 2015. Note the company reissued a corrected version of its press release related to this announcement.
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December 18, 2014
07:31 EDTLYBLyondellBasell names Bhavesh Patel as new CEO
LyondellBasell announced that the supervisory board has appointed Bhavesh V. "Bob" Patel as CEO, effective January 12, 2015. Patel has served as executive vice president, Olefins and Polyolefins Europe, Asia & International and Technology since October 2013. Patel succeeds James Gallogly, who previously announced his plan to retire.
December 16, 2014
08:18 EDTLYBLyondellBasell initiated with a Buy at Nomura
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December 10, 2014
07:40 EDTLYBBofA/Merrill to hold a conference
2014 U.S. Basic Materials Conference is being held in Boston on December 10-11.

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