LyondellBasell to boost its global PP compounding capabilities by more than 30% by end of 2009
LyondellBasell Industries has announced plans to expand its global polypropylene (PP) compounding capacity to 1.2 million tonnes per year by the end of 2009, which represents a growth rate of more than 30 percent. To address rapidly expanding needs in the Asian region, LyondellBasell's Advanced polyolefins (APO) business has recently relocated its global headquarters to Hong Kong.
"In the coming months, a new 15 KT plant in Guangzhou, China will come on stream," said Paul Yeates, Senior Vice President of LyondellBasell's APO business. "In addition, our Saudi Polyolefins Company joint venture is currently constructing a new compounding plant in Damman, Saudi Arabia. We are also considering additional plant investment options for Russia and India."
Further expansion of the company's existing sites in Suzhou, Chin; Rayong, Thailand; and Ensenada, Argentin is planned. Yeates added, "By 2010, we aim to operate a global network of 18 PP compounding plants on four continents that delivers 1.2 million tonnes per year of high quality PP compounds to the automotive and appliance industries."
LyondellBasell recently achieved a major milestone in its growth plans by completing the acquisition of Solvay Engineered Polymers, Inc., which consolidated LyondellBasell's PP compounding position in North America.
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