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LyondellBasell filed reorganisation plan in New York court

September 17/2009

September, 17 (plasteurope.com) -- The reorganisation plan for LyondellBasell filed with the New York bankruptcy court foresees continuation of all existing businesses, including polyolefins, propylene oxide and other petrochemical feedstocks as well as fuels and refinery products.

Presented as the group prepares to emerge from Chapter 11 bankruptcy proceedings, the plan must be approved both by the court and LyondellBasell’s creditors. At an initial court hearing scheduled for mid-October, an “intensive discussion” is expected, a spokesman for the group said.

 

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      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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