LyondellBasell, Bora form JV to operate Chinese ethylene cracker
LyondellBasell signed a memorandum of understanding to form a 50-50 joint venture with Liaoning Bora Enterprise Group in Panjin, China, to operate a 1.1 million-tonne/year ethylene cracker.
LyondellBasell signed a memorandum of understanding to form a 50-50 joint venture with Liaoning Bora Enterprise Group (Bora) in Panjin, China, to operate a 1.1 million-tonne/year ethylene cracker.
The facility will produce olefins and polyolefins used in all manner of construction and consumer products including, but not limited to, pipe, durable plastic containers, and agricultural films. The polyolefin products produced at the complex will be marketed by LyondellBasell.
When complete, the plant will employ LyondellBasell’s Hostalen ACP polyethylene technology and both Spheripol and Spherizone polypropylene technologies. Bora began construction of the facility this year.
LyondellBasell currently operates three polypropylene compounding facilities in China. The facilities are in Guangzhou, Suzhou, and Dalian.