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.