03/30/2021 | Press release | Distributed by Public on 03/30/2021 08:38
ROTTERDAM, Netherlands, March 30, 2021 -- LyondellBasell (NYSE: LYB) today announced that Ningxia Baofeng Energy Group Co., Ltd. (Ningxia Baofeng) has selected LyondellBasell's world-leading polypropylene (PP), high-density polyethylene (HDPE) and low-density polyethylene (LDPE) technologies for three new polyolefin production lines.
The new lines will be built in Ningxia Baofeng's complex in Yingchuan City, P.R. China.
The complex will include a 500 KTA polypropylene (PP) plant, which will utilize LyondellBasell's Spherizone process technology and a 400 KTA high-density polyethylene (HDPE) plant which will utilize the Hostalen ACP process technology. Further LyondellBasell licensed a 250 KTA low-density polyethylene (LDPE) and ethylene vinyl acetate copolymer (EVA) line to produce LDPE with VA comonomer by using LyondellBasell's Lupotech T process technology.
'The award of three polyolefin lines with a total capacity of more than 1100 kta demonstrates our technology licensing capabilities,' said Jim Seward, Senior Vice President of Research and Development, Technology and Sustainability at LyondellBasell. 'The possibility to opt for a single provider of well proved technologies and market reference products is an appealing aspect for many future operators.'
Seward added: 'The selection of our Spherizone process technology as the innovative manufacturing platform will allow the licensee to produce superior polypropylene resins with enhanced product properties. The production of polyethylene resins will be made by using LyondellBasell's leading low-pressure Hostalen ACP slurry process for the production of high-performance multimodal HDPE resins and our Lupotech T process technology which is the leading high-pressure tubular LDPE technology.'
The Spherizone plant will commence operation by using LyondellBasell's Avant ZN catalyst whereas the Hostalen ACP plant will commence operation using Avant Z 501 and Avant Z509-1 catalysts to produce a full range of multi-modal HDPE products.
New licensees can take advantage of LyondellBasell's in-house expertise of continuous production improvement, sustainable product development and catalyst knowhow, by optionally joining our Technical Service program.
LyondellBasell is a leading licensor of polypropylene and polyethylene technologies with more than 300 polyolefin process licenses. In addition to the Spherizone, Hostalen ACP and Lupotech process technology, LyondellBasell's portfolio of licensed polyolefin processes and catalysts includes:
LyondellBasell (NYSE: LYB) is one of the largest plastics, chemicals and refining companies in the world. Driven by its employees around the globe, LyondellBasell produces materials and products that are key to advancing solutions to modern challenges like enhancing food safety through lightweight and flexible packaging, protecting the purity of water supplies through stronger and more versatile pipes, improving the safety, comfort and fuel efficiency of many of the cars and trucks on the road, and ensuring the safe and effective functionality in electronics and appliances. LyondellBasell sells products into more than 100 countries and is the world's largest producer of polymer compounds and the largest licensor of polyolefin technologies. In 2021, LyondellBasell was named to Fortune magazine's list of the 'World's Most Admired Companies' for the fourth consecutive year. More information about LyondellBasell can be found at www.LyondellBasell.com. SOURCE: LyondellBasell
For information, contact: Neil Nadalin (+49 69 30585454)