LyondellBasell is about to Sell European Olefin Assets
2025-6-10
LyondellBasell announced on June 5th that it has reached an agreement with private equity firm Aequita to sell four olefin and polyolefin assets and related businesses in Europe, and is in exclusive negotiations.
In 2024, LyondellBasell announced a strategic review of its European assets in the olefin and polyolefin (O&P), intermediate and derivative (I&D) business units to address global petrochemical overcapacity, as well as high costs and weak demand in Europe.
This sale is part of its European strategic evaluation, with support center functions located in Berre, France, M จน nster, Germany, Carrington, UK, and Tarragona, Spain as well as in its headquarters in Rotterdam, Netherlands among other locations.
According to the data, the Berre factory has a steam cracking unit with an annual output of 465,000 tons, a low-density polyethylene unit, and a polypropylene unit. The Muenster factory has a cracking unit with an annual output of 400,000 tons and a high-density polyethylene unit, while both the Carrington and Tarragona factories have polypropylene units.
Peter Vanacker, CEO of LyondellBasell, stated that this expected transaction is an important step in its development and enhancement of core business transformation. Europe remains the core market for LyondellBasell and will focus more on value creation by establishing profitable leadership positions in the field of circular and renewable solutions.
In 2024, LyondellBasell announced a strategic review of its European assets in the olefin and polyolefin (O&P), intermediate and derivative (I&D) business units to address global petrochemical overcapacity, as well as high costs and weak demand in Europe.
This sale is part of its European strategic evaluation, with support center functions located in Berre, France, M จน nster, Germany, Carrington, UK, and Tarragona, Spain as well as in its headquarters in Rotterdam, Netherlands among other locations.
According to the data, the Berre factory has a steam cracking unit with an annual output of 465,000 tons, a low-density polyethylene unit, and a polypropylene unit. The Muenster factory has a cracking unit with an annual output of 400,000 tons and a high-density polyethylene unit, while both the Carrington and Tarragona factories have polypropylene units.
Peter Vanacker, CEO of LyondellBasell, stated that this expected transaction is an important step in its development and enhancement of core business transformation. Europe remains the core market for LyondellBasell and will focus more on value creation by establishing profitable leadership positions in the field of circular and renewable solutions.