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  1. Petrochemicals in facts and figures

    ... announced a EUR 657 million investment to expand its plant in Portugal by 300,000 tonnes of polypropylene and 300,000 tonnes of LLDPE, slated to be launched in 2025. The Portuguese government provided the company with EUR 63 million in tax incentives. LyondellBasell launched polyolefin production from plastic waste in Germany. This is an important step toward LyondellBasell’s goal of producing 2 mtpa of recycled polyolefins by 2030. Spot prices for polypropylene in Q2 increased only in Europe due ...

  2. Petrochemicals: numbers

    ... PE: important news There were several important events in the polyethylene (PE) market in Q1. The most important event for the European market was the launching of recycled PE and PP production under CirulenRevive brand in Europe. LyondellBasell brought these capacities on stream capturing its in-house plastic waste from its plant. Polymers are produced using the molecular recycling process. An equally important event took place in Oman, where the plant started operating at full ...

  3. Investments in petrochemicals

    ... will actually have a greater ecological footprint. The petrochemical industry is also developing with current trends and will soon offer more eco-friendly products in line with the circular economy model. The largest petrochemical corporations, such as LyondellBasell, BASF and Dow, have already announced plans to develop recycled plastics and use biodegradable feedstock in their production. We can expect this segment to continue growing rapidly as we already see great demand for sustainable plastic ...

  4. SIBUR’s export market strategy

    ... about polymers, but about the petrochemical industry in general. – Who is your competition? What companies have significant market shares globally? – A range of companies – both well-established producers of bulk petrochemicals, such as BASF, LyondellBasell, Borealis, SABIC, Dow, INEOS, Shell, as well as niche players in some segments of global industry. As a rule, the most successful ones are either upstream-integrated or are a petrochemical arm of a gas or oil major. This is the case with ...

  5. SIBUR analytics

    ... PET consumption by 70 ktpa. Germany, Poland, Romania, Greece, and Iceland will make the switch in 2021, with France, the UK, Belgium, and Luxemburg following in 2022. Another ripple of companies committing to this switch is the increase in SUEZ and LyondellBasell’s market share for recycling. Tivaco, whose production is based in Belgium, was acquired by LyondellBasell and SUEZ, who plan to integrate it into their Quality Circular Polymers (QCP) joint venture. Thanks to the deal, QCP’s recycling ...