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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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July 28, 2015
07:05 EDTLYBLyondellBasell says Q3 outlook for portfolio remains positive
LyondellBasell said, "The outlook for the third quarter remains positive for our portfolio. Natural gas and NGL remain well supplied and favorably priced. Significant global olefin and polyolefin supply shortages are starting to rebalance as supply returns to the market, but balances have remained favorable through July. Late in the third quarter, we will begin planned outages at two of our Intermediate and Derivatives production sites and at one European olefins plant."
07:04 EDTLYBLyondellBasell reports Q2 EPS $2.81, consensus $2.70
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July 27, 2015
15:03 EDTLYBNotable companies reporting before tomorrow's open
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08:01 EDTLYBLyondellBasell declares 78c interim dividend
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