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LyondellBasell Expands in China with New License Grant

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Mar. 20 2019, Published 8:29 a.m. ET

LyondellBasell grants new Hostalen ACP license

In a press release today, LyondellBasell (LYB) announced that it has signed an agreement to grant Lianyungang Petrochemical a license for its Hostalen Advanced Cascade Process (Hostalen ACP) technology.

This technology license from LyondellBasell will be used to build a 400-kiloton per year high-density polyethylene facility in the Lianyungang Jiangsu province in China.

However, LyondellBasell didn’t provide any financial aspects of the deal.

This technology helps to produce high-performance resins used in film, blow molding, and pipe applications.

 

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