13 March 2013 13:57 [Source: ICIS news]
NEW YORK (ICIS)--LyondellBasell will invest $1.6bn (€1.2bn) in growth capital expenditures (CAPX) from 2013-2016, a senior executive said on Wednesday.
“This would add over $1.5bn/year in additional EBITDA [earnings before interest, tax, depreciation and amortisation] at 2012 margins by 2017,” said Sergey Vasnetsov, senior vice president of strategic planning and transactions.
He spoke at the company’s annual investor day.
($1 = €0.77)
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