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Delta was slated to come ashore in Cameron Parish just south of Calcasieu Parish, which also was under a mandatory evacuation order. Engen Petroleum Ltd. is investigating the cause of a Dec. 4 fire that broke out at its 120,000-b/d Enref refinery at Merebank, in Wentworth, south of Durban, South Africa. It follows the sale in August of its world-scale oxygen production operations in South Africa to Air Liquide. LyondellBasell; Sasol Limited . It also produces ethylene, propylene, polyolefins, and oxyfuels. Houston and Johannesburg – LyondellBasell (NYSE: LYB) and Sasol (JSE: SOL, NYSE: SSL) today announced they have entered into a definitive agreement to form a 50/50 joint venture (JV) through which LyondellBasell will acquire 50 percent of Sasol’s 1.5 MM ton ethane cracker, 0.9 MM ton low and linear-low density polyethylene plants and associated infrastructure for a total - LyondellBasell to acquire 50 percent of certain Sasol assets in Louisiana HOUSTON and JOHANNESBURG, Oct. 2, 2020 /PRNewswire/ -- LyondellBasell (NYSE: LYB) and Sasol (JSE: SOL) Adflex C 200 F is developed for the central layer of tough, transparent co-extruded cast-film structures. Private equity in Africa: Why you need a long-term view LyondellBasell’s 50/50 JV includes a 0.9 MM ton low-density, 1.5 MM ton ethane cracker and linear-low density polyethylene plants along with related infrastructure near Lake Charles, LA. LyondellBasell will operate the assets in Louisiana which include a 1.5m t/y ethane cracker and 900,000 t/y low and linear-low density polyethylene plants. In South Africa: Matebello Motloung, Manager: Group Media Relations Direct telephone: +27 (0) 10 344 9256; Mobile: +27 (0) 82 773 9457 matebello.motloung@sasol.com LyondellBasell is one of the largest plastics, chemicals and refining companies in the world. It can be used to improve mechanical properties at elevated temperatures. LyondellBasell CEO Bob Patel said Dec. 1 during the virtual Citibank basic chemicals conference that the company first discussed such a deal in 2018, but the "timing wasn't right back then." Every day, our employees work around the clock to reliably and safely deliver the chemicals, polymers, fuels and technologies that advance solutions to our world’s biggest challenges. 12 December 2019. HOUSTON and JOHANNESBURG, Dec. 2, 2020 /PRNewswire/ -- LyondellBasell (NYSE: LYB), one of the largest plastics, chemicals and refining companies in the world, and Sasol (JSE: In this announcement, the South African chemicals company has reached an agreement with Dutch-domiciled LyondellBasell Industries to sell a 50% stake of its three Base Chemicals Units (Ethane cracker, LDPE and LLDPE) for U$2bn to slash its debt. LyondellBasell and Sasol Complete Louisiana Joint Venture Transaction . 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. Houston and Johannesburg–LyondellBasell (NYSE: LYB), one of the largest plastics, chemicals and refining companies in the world, and Sasol (JSE: SOL, NYSE: SSL), a global integrated chemicals and energy company, today announced the closing of their Louisiana-based Integrated Polyethylene Joint Venture (JV) transaction following required regulatory and shareholder approvals. Solving Africa's working capital problem. LyondellBasell Industries N.V. (NYSE: LYB) is a Dutch-domiciled multinational chemical company with American and British roots, incorporated in the Netherlands, with U.S. operations headquarters in Houston, Texas, and offices in London, UK.The company is the largest licensor of polyethylene and polypropylene technologies. This polymer is highly compatible with polypropylene due to its similar molecular structure. Dec 02, 2020, 00:10 ET . NEWS PROVIDED BY . LyondellBasell, Braskem Confirm Merger Talks Discussions are complicated by Braskem’s ownership structure Braskem is co-owned by state oil firm Petrobras and construction firm Odebrecht. The deal is expected to close at the end of the year. Sasol said the sale will reduce debt from U$10bn to U$8bn to improve its financial outlook. The unit will become a joint venture between the South African company and U.S. chemicals giant, Sasol said in a statement Friday. As part of the agreement, the two companies will form a 50/50 joint venture which will take over the base chemicals business at Lake Charles. South Africa 2020: challenges and opportunities in the year ahead. The unit will become a joint venture between the Johannesburg-based company and the U.S. chemicals giant, Sas LyondellBasell agreed last month to acquire a 50% stake of Sasol's base chemicals business at Lake Charles for $2-billion and operate the newly formed joint venture. Africa's continued growth depends on innovations in access to finance. HOUSTON and JOHANNESBURG, Dec. 2, 2020 /PRNewswire/ -- LyondellBasell (NYSE: LYB), one of the largest plastics, chemicals and refining companies in the … Johannesburg — South Africa’s Sasol said on Friday chemical company LyondellBasell Industries had agreed to acquire a 50% stake in a unit of its U.S-based business for $2 billion, helping the petrochemicals firm to cut debt. Increases in M&A value and volume are predicted only in 2021 and 2022. The LyondellBasell Bayport Underwood Plant, Equistar Chemicals, LP at 5761 Underwood Drive in Pasadena. Netherlands-based LyondellBasell will acquire a $2 billion stake in South Africa … LyondellBasell agreed last month to acquire a 50% stake of Sasol's base chemicals business at Lake Charles for $2 billion and operate the newly formed joint … LyondellBasell will buy into Sasol’s new complex ... which suffered complications and cost overruns that led to a shakeup at the company’s headquarters in South Africa. Adsyl 5 C 93 F is an advanced polyolefin, specially designed for use as a sealing or metallized layer in co-extruded film applications. Completion of divestment and creation of a Joint Venture with LyondellBasell Sasol shareholders are referred to the Company’s Stock Exchange News Service (“SENS”) announcement dated 2 October 2020, containing details of the divestment of a 50% interest in Sasol’s Base Chemicals business at Lake Charles to LyondellBasell (“Transaction”). This grade features a very low seal initiation temperature and good optics. Polybutene-1 (PB-1) grade Toppyl PB 0110M is a semi-crystalline homopolymer, which is used where creep, environmental stress crack resistance and elevated temperature performance are key requirements. Sasol Ltd., the South African chemicals and fuel manufacturer, agreed to sell a $2 billion stake in its U.S. base-chemicals business to LyondellBasell Industries NV to help pay down debt. JOHANNESBURG (Reuters) - South Africa's Sasol said on Wednesday its Louisiana Integrated Polyethylene joint venture (JV) with chemical company LyondellBasell Industries had been established, following closure of the deal on Dec. 1. (Bloomberg) -- Sasol Ltd. agreed to sell a 50% stake in its U.S. base chemicals business to LyondellBasell Industries NV for $2 billion to help pay down debt. South Africa's Sasol announced chemical company LyondellBasell Industries has agreed to acquire a 50% stake in a unit of its U.S-based business for $2 billion, helping the petrochemicals firm to cut debt. Cash-strapped Sasol (Johannesburg, South Africa) has received offers from companies including CPChem, LyondellBasell, and Ineos for a large stake in Sasol’s Lake Charles, Louisiana, petrochemical complex, according to a Bloomberg report citing people familiar with the matter. As part of the agreement, the two companies will form a 50/50 joint venture which will take over the base chemicals business at Lake Charles. 20 November 2019. It combines transparency with high softness , a very high toughness even at low temperatures and an excellent compatibility with other polyolefins. In South Africa… South Africa's Sasol said on Friday shareholders have approved a proposed agreement to form a joint venture with chemical company LyondellBasell Industries at its U.S Lake Charles Chemicals Project in a bid to pay down its debt pile. 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