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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.
News For LYB From The Last 14 Days
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April 27, 2015
08:09 EDTLYBFlowserve names Karyn Ovelmen as EVP, CFO, effective June 1
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April 24, 2015
16:19 EDTLYBOn The Fly: Top stock stories for Friday
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11:42 EDTLYBLyondellBasell to evaluate strategies including M&A, Bloomberg says
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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
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07:08 EDTLYBLyondellBasell reports Q1 EPS cont ops $2.42, consensus $1.98
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April 23, 2015
15:01 EDTLYBNotable companies reporting before tomorrow's open
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