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LyondellBasell announces quarterly dividend

February 21/2020

MOSCOW (MRC) --- LyondellBasell, one of the largest plastics, chemicals and refining companies in the world, has just announced that it has declared a dividend of USD1.05 per share, as per the company's press release.

The dividend is to be paid March 9, 2020 to shareholders of record March 2, 2020, with an ex-dividend date of Feb. 28, 2020.

As MRC wrote previously, iin September 2016, LyondellBasell selected its La Porte, Texas, manufacturing complex as the site for a new high density polyethylene (HDPE) plant. The plant will be the first commercial plant to employ LyondellBasell's new proprietary Hyperzone PE technology and will have an annual capacity of 1.1 billion pounds (500,000 metric tons). Construction began in early 2017 with start-up planned for Q1 2020.

According to MRC's DataScope report, HDPE imports into Russia grew in January-December 2019 by 44% year on year, reaching 363,100 tonnes. Pipe grade and film grade polyethylene (PE) accounted for the greatest increase in imports.

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. LyondellBasell sells products into approximately 100 countries and is the world's largest licensor of polyolefin technologies.
Author:Margaret Volkova
Tags:PP, PE, HDPE, LyondellBasell, Russia, USA.
Category:General News
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