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Lyondell reverses earlier decision to shut Chocolate Bayou HDPE plant

September 04/2009
September, 04 ( -- As demand for polyethylene has got boosted by rising demand from Asia, Lyondel Chemical, has reversed its decision to permanently shut it 180,000 tons HDPE plant at Chocolate Bayou site in Texas, as per ICIS.

Operating costs and HDPE margins have improved significantly for the company to reconsider its decision. Earlier, the plant was planned to be shut down permanently by 30 September. A hearing on August 11 was held by the bankruptcy court to consider approval plans to close the plant.

This decision is cited to be independent of an objection that INEOS filed in bankruptcy court as it wanted to buy the plant.

      MRC Reference

LyondellBasell.  The share in the Russian market in 2008:
 PE  - 1.4% (including HDPE - 2.5%, LDPE – 0.3%);
 PP – 4.1% (including block-copolymers - 9.5%).

Annual sales growth in Russia, during the recent 5 years:
 PE - 27%;
 PP – 88%.

The leader in the following polymers processing technologies:

 pipe extrusion;

 film extrusion;

 injection molding.



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