CHINA: LyondellBasell & Bora announce start-up of new JV polyolefin complex in China
LyondellBasell and Liaoning Bora Enterprise Group (Bora) have started up their new 50-50 joint venture polyolefin complex in Panjin, Liaoning Province, China. The facility, which will operate under the name Bora LyondellBasell Petrochemical Co., includes a 1.1 milliont/y flexible naphtha/liquefied petroleum gas cracker, the production of 800,000 t/y of polyethylene (PE) and 600,000 t/y of polypropylene (PP).
The new facility will use LyondellBasell's Hostalen ACP PE technologies and its Spheripol and Spherizone PP technologies. Materials produced at the complex will be sold within China. "Demand for polyolefins has returned in China after the pandemic-related economic slowdown earlier in the year and the long-term growth trends are very favorable for this project," noted LyondellBasell Chief Executive Bob Patel. The parties are planning medium-to-long term collaboration on additional petrochemical projects that could be deployed in multiple phases over the next decade.
Source: Weekly “PetroChemical News”, Durham, NC, USA; 7 Sept 2020
(Syed Rashid Ali, Karachi, Pakistan)