15 May 2013 20:08 [Source: ICIS news]
HOUSTON (ICIS)--LyondellBasell will shut down a high density polyethylene (HDPE) unit in ?xml:namespace>
The 100,000 tonne/year unit is one of the smallest and least efficient in
LyondellBasell has shuttered about 2.5bn lb (1.1m tonnes) of capacity in
"LyondellBasell continues to take definitive steps to reorganise our operations in Europe to increase efficiency, reduce costs and improve the competitiveness of our businesses," said Bob Patel, senior vice president, Olefins & Polyolefins, Europe, Asia and International.
"The closure of under-competitive assets, along with the restructuring and efficiency-improvement initiatives in our business areas, manufacturing and R&D, will better position LyondellBasell to compete in today's economic environment,” he said.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
Asian Chemical Connections