LyondellBasell (LYB) Boosts Hostalen ACP License In China
Zacks Investment Research | Mar 22, 2019 08:47AM ET
LyondellBasell Industries N.V. (NYSE:LYB) recently announced that its Hostalen Advanced Cascade Process (“ACP”) technology was selected by Lianyungang Petrochemical Co., Ltd for building a 400KT per annum high density polyethylene (HDPE) plant at Lianyungang, Jiangsu Province, China. Lianyungang Petrochemical is a company owned by Zhejiang Satellite.
With this contract, LyondellBasell has licensed more than 1 million tons of Hostalen ACP capacity this year. The move highlights the importance of this process technology for the production of high-performance multimodal HDPE products. The process technology produces high-performance, multi-modal HDPE resins, which has industry-leading stiffness balance, high stress cracking resistance and processing advantages, blow molding, impact resistance as well as pipe applications.
Moreover, the company’s low-pressure slurry process in petrochemical complex will enable Zhejiang Satellite to produce high-quality products economically and reliably.
The Hostalen ACP line marks its 10th project licensed in China. With this license, the total design and operating capacity of Hostalen ACP line in the country is likely to exceed 3.4 million tons per annum.
Shares of LyondellBasell have lost around 17.1% in the past year compared with the Zacks Investment Research
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