Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nyse  >  LyondellBasell Industries N.V.    LYB   NL0009434992

LYONDELLBASELL INDUSTRIES N.V.

(LYB)
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsAnalyst Recommendations

LyondellBasell Industries : Air Liquide signs supply agreement with LyondellBasell for US project

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/02/2019 | 10:42am EDT

French industrial gases and services company Air Liquide has expanded its utility supply agreement with Dutch chemical firm LyondellBasell for its new propylene oxide (PO) and tertiary butyl alcohol (TBA) project in the Houston area, US.

The company had previously signed a long-term oxygen supply contract with LyondellBasell for the project, which is expected to be the largest PO/TBA plant worldwide.

Air Liquide has reinforced its presence as a major supplier in the Gulf Coast with the signing of the new long-term agreement and related investment.

The PO/TBA project consists of two Texan facilities, namely the PO/TBA plant in the LyondellBasell Channelview Complex in Channelview and the associated ethers unit in the Bayport Complex in Pasadena.

Under the expanded agreement, Air Liquide will supply steam, electricity, treated water and nitrogen to the ethers unit.

Air Liquide had signed a separate long-term agreement last April to supply oxygen to the PO/TBA projects Channelview location.

The two agreements reiterate Air Liquides long-term partnership with LyondellBasell and establish its presence as a major supplier of industrial gas and utilities to the project.

In July 2017, LyondellBasell announced the construction of the worlds largest PO/TBA plant as part of an organic growth programme.

The project has been designed to meet the increased global demand for urethanes and cleaner-burning oxyfuels.

The project is expected to commence operations in 2021.

Air Liquide USA CEO Susan Ellerbusch said: Air Liquide and LyondellBasell have a long and complementary history in the Gulf Coast region of the US.

We appreciate their continued trust and recognition of Air Liquides customer focus and commitment to safe, reliable and sustainable solutions to help them realise the fullest potential of their new world scale investments.

(c) 2019 Vanguard Media Limited, Nigeria Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

Stocks mentioned in the article
ChangeLast1st jan.
AIR LIQUIDE -0.67% 118.5 Real-time Quote.20.19%
LYONDELLBASELL INDUSTRIES N.V. -0.79% 87.37 Delayed Quote.5.06%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on LYONDELLBASELL INDUSTRIES
10/14LYONDELLBASELL INDUSTRIES N : New LyondellBasell CFO Faced With Slowdown in Dema..
DJ
10/14LYONDELLBASELL INDUSTRIES N : Taps Owens Corning's McMurray as Finance Chief
DJ
10/10LYONDELLBASELL INDUSTRIES N.V. : Entry into a Material Definitive Agreement, Cre..
AQ
10/07NESTE OYJ : to lead its Renewable Polymers and Chemicals business from its offic..
AQ
09/27LYONDELLBASELL INDUSTRIES N.V. : Other Events, Financial Statements and Exhibits..
AQ
09/27LYONDELLBASELL INDUSTRIES N : Enterprise to Build PDH 2 Plant Supported by Long-..
AQ
09/26LYONDELLBASELL INDUSTRIES N : Prices Public Offering of Guaranteed Notes
PR
09/26LYONDELLBASELL INDUSTRIES N : adds new production at Knapsack creating world's l..
PU
09/26LYONDELLBASELL : Volunteers Turn Out in Full Force for 20th Annual Global Care D..
PR
09/26LYONDELLBASELL INDUSTRIES N : Enterprise to Build PDH 2 Plant; Supported by Long..
BU
More news
Financials (USD)
Sales 2019 35 647 M
EBIT 2019 4 741 M
Net income 2019 3 518 M
Debt 2019 11 418 M
Yield 2019 4,87%
P/E ratio 2019 8,74x
P/E ratio 2020 7,65x
EV / Sales2019 1,14x
EV / Sales2020 1,07x
Capitalization 29 290 M
Chart LYONDELLBASELL INDUSTRIES N.V.
Duration : Period :
LyondellBasell Industries N.V. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends LYONDELLBASELL INDUSTRIES
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 95,58  $
Last Close Price 87,37  $
Spread / Highest target 43,1%
Spread / Average Target 9,40%
Spread / Lowest Target -21,0%
EPS Revisions
Managers
NameTitle
Bhavesh Vaghjibhai Patel Chief Executive Officer & Director
Jacques Aigrain Chairman
Thomas Aebischer Chief Financial Officer & Executive Vice President
Massimo Covezzi Senior Vice President-Research & Development
Jim Seward VP-Sustainability, Technology & Joint Ventures
Sector and Competitors
1st jan.Capitalization (M$)
LYONDELLBASELL INDUSTRIES N.V.5.06%29 290
SAUDI BASIC INDUSTRIES CORPORATION SJSC--.--%70 785
AIR LIQUIDE21.01%56 326
WANHUA CHEMICAL GROUP58.06%19 836
NAN YA PLASTICS CORP--.--%17 888
HENGLI PETROCHEMICAL CO.,LTD.60.82%15 294