Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nyse  >  LyondellBasell Industries    LYB   NL0009434992

LYONDELLBASELL INDUSTRIES

(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 -0.25% 120.8 Real-time Quote.11.39%
LYONDELLBASELL INDUSTRIES -0.39% 86.21 Delayed Quote.3.67%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on LYONDELLBASELL INDUSTRIES
06/19LYONDELLBASELL INDUSTRIES : and Neste announce commercial-scale production of bi..
AQ
06/18NESTE : and LyondellBasell announce commercial-scale production of bio-based pla..
AQ
06/18LYONDELLBASELL : and Neste announce commercial-scale production of bio-based pla..
PR
06/10LYONDELLBASELL INDUSTRIES : Announces Commencement of Modified Dutch Auction Ten..
PR
06/09LYONDELLBASELL INDUSTRIES : & Odebrecht S.A. End Discussions Regarding Braskem A..
AQ
06/07LYONDELLBASELL INDUSTRIES : Ex-dividend day for
FA
06/04ADRs End Higher; Alibaba, Braskem and Diageo Trade Actively
DJ
06/04LyondellBasell Ends Talks to Buy Brazil's Braskem -- Update
DJ
06/04LyondellBasell Ends Talks to Buy Brazil's Braskem
DJ
06/04LYONDELLBASELL INDUSTRIES N.V. : Regulation FD Disclosure, Financial Statements ..
AQ
More news
Financials ($)
Sales 2019 38 006 M
EBIT 2019 4 926 M
Net income 2019 3 888 M
Debt 2019 8 351 M
Yield 2019 5,33%
P/E ratio 2019 7,60
P/E ratio 2020 6,92
EV / Sales 2019 0,99x
EV / Sales 2020 0,92x
Capitalization 29 337 M
Chart LYONDELLBASELL INDUSTRIES
Duration : Period :
LyondellBasell Industries Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends LYONDELLBASELL INDUSTRIES
Short TermMid-TermLong Term
TrendsBullishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 103 $
Spread / Average Target 30%
EPS Revisions
Managers
NameTitle
Bhavesh Vaghjibhai Patel Chief Executive Officer & Director
Jacques Aigrain Chairman-Supervisory Board
Thomas Aebischer Chief Financial Officer & Executive Vice President
Massimo Covezzi Senior Vice President-Research & Development
Bruce A. Smith Member-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
LYONDELLBASELL INDUSTRIES3.67%28 771
SAUDI BASIC INDUSTRIES CORPORATION SJSC--.--%89 445
AIR LIQUIDE11.39%54 549
SHIN-ETSU CHEMICAL CO LTD14.28%35 565
NAN YA PLASTICS CORP--.--%19 745
WANHUA CHEMICAL GROUP42.55%17 407