20 December 2007 19:23 [Source: ICIS news]
The merged company is the third largest independent chemical company in the world, LyondellBasell said in a statement.
The merged company will have more than 60 plants in 19 countries. Combined annual revenues were $42.8bn for the 12 months ended 30 September.
"With the combination of Basell and Lyondell, we have created a global leader in the petrochemical industry, with exceptional capabilities in both chemicals and fuels," according to a statement issued by Volker Trautz, chief executive of LyondellBasell.
"Each of our businesses has a long and successful heritage. As we go forward, the values, dedication and ingenuity that made our predecessors strong and successful will remain at the core of our culture," Trautz said.($1.00 = €0.70)
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