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Louisiana Integrated PolyEthylene JV LLC.

Company Summary

Description

LyondellBasell & Sasol announced the formation of the 50/50 Louisiana Integrated PolyEthylene JV LLC, for which Lyondell will pay  $2 billion.  The JV will operate and own "Sasol's 1.5 MM ton ethane cracker, 0.9 MM ton low and linear-low density polyethylene plants and associated infrastructure."

Under the terms, each partner will provide pro-rata shares of ethane feedstocks and offtake pro-rata shares of cracker and polyethylene products at cost. LyondellBasell will serve as the operator.

Website

https://www.prnewswire.co.uk/news-releases/lyondel...

Operational Regions

  • Gulf Coast
  • Lake Charles

Related Entities

Recent news

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Company Transactions

Date: 12/31/2020
Type: Joint Venture

BUYERS:
  • LyondellBasell Industries N.V.
  • Louisiana Integrated PolyEthylene JV LLC.
    • SELLERS:
  • Sasol Ltd
    • ASSETS:
  • Lake Charles Ethylene Cracker
  • Lake Charles Linear-Low Density Polyethylene (LLDPE) Plant
    • DETAILS:

    COST: 2 $B

    NOTES:
    LyondellBasell & Sasol announced the formation of the 50/50 Louisiana Integrated PolyEthylene JV LLC, for which Lyondell will pay $2 billion. The JV will operate and own "Sasol's 1.5 MM ton ethane cracker, 0.9 MM ton low and linear-low density polyethylene plants and associated infrastructure."
    REGIONS:
  • Lake Charles