MOSCOW (MRC) -- LyondellBasell has granted its Spherizone and Lupotech T Licenses to Shaanxi Coal Yulin Energy and Chemical, according to Plastemart.
Spherizone is the most advanced polypropylene technology and should help expand the company’s product portfolio, while Lupotech T should provide a cost advantage. This technology will be used in the Jingbian Chemical Industrial Park in Yulin City, China.
The financial details of this transaction are still unknown.
This deal represents LyondellBasell’s 14th grant of Spherizone technology since it was launched in 2006. LyondellBasell Executive Vice President Global Dan Coombs stated: "The Spherizone technology enables polypropylene producers to expand their business and capture additional value through product differentiation. Lupotech T is the clear market leader in high-pressure tubular LDPE technology offering low operating and investment costs to our customers."
As MRC reported earlier, in March 2017, LyondellBasell polyethylene (PE) process technology ‘LyondellBasell Hostalen ACP’ was chosen by Shandong Yuhuang Shengshi Chemical for a 200,000 tpa high density polyethylene (HDPE) unit at its petrochemical complex in Heze, Shandong, China.
LyondellBasell is one of the world's largest plastics, chemical and refining companies. The company manufactures products at 57 sites in 18 countries. LyondellBasell products and technologies are used to make items that improve the quality of life for people around the world including packaging, electronics, automotive parts, home furnishings, construction materials and biofuels.
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