LyondellBasell approves propylene expansion project
LyondellBasell (NYSE: LYB) has announced a significant expansion of its propylene production capacity at the Channelview Complex near Houston. The new metathesis unit will add approximately 400,000 metric tons of annual propylene production capacity, converting ethylene into propylene for use in polypropylene and propylene oxide production.
Construction is scheduled to begin in Q3 2025, with operations expected to commence in late 2028. The project will create 750 construction jobs during peak construction and add 25 permanent positions. The expansion aims to enhance LYB's self-sufficiency, meet growing customer demand, and reduce market volatility exposure to deliver consistent shareholder returns.
The produced materials will serve various essential end-use applications, including food packaging, medical devices, automotive components, aircraft deicing fluid, building insulation, home furnishings, and telecommunications equipment.
LyondellBasell (NYSE: LYB) ha annunciato un'importante espansione della sua capacità di produzione di propilene presso il complesso di Channelview, vicino a Houston. La nuova unità di metatesi aggiungerà circa 400.000 tonnellate metriche di capacità di produzione annuale di propilene, convertendo l'etilene in propilene per l'uso nella produzione di polipropilene e ossido di propilene.
La costruzione è prevista per il terzo trimestre del 2025, con l'inizio delle operazioni previsto per la fine del 2028. Il progetto creerà 750 posti di lavoro nel settore delle costruzioni durante il picco dei lavori e aggiungerà 25 posizioni permanenti. L'espansione mira a migliorare l'autosufficienza di LYB, soddisfare la crescente domanda dei clienti e ridurre l'esposizione alla volatilità del mercato per garantire rendimenti costanti agli azionisti.
I materiali prodotti serviranno a varie applicazioni finali essenziali, tra cui imballaggi alimentari, dispositivi medici, componenti automobilistici, fluidi per deicing degli aerei, isolamento per edifici, arredamento per la casa e attrezzature per telecomunicazioni.
LyondellBasell (NYSE: LYB) ha anunciado una expansión significativa de su capacidad de producción de propileno en el complejo de Channelview, cerca de Houston. La nueva unidad de metátesis añadirá aproximadamente 400,000 toneladas métricas de capacidad de producción anual de propileno, convirtiendo etileno en propileno para su uso en la producción de polipropileno y óxido de propileno.
La construcción está programada para comenzar en el tercer trimestre de 2025, con operaciones que se espera inicien a finales de 2028. El proyecto creará 750 empleos de construcción durante el pico de la construcción y añadirá 25 puestos permanentes. La expansión tiene como objetivo mejorar la autosuficiencia de LYB, satisfacer la creciente demanda de los clientes y reducir la exposición a la volatilidad del mercado para ofrecer rendimientos consistentes a los accionistas.
Los materiales producidos servirán para diversas aplicaciones finales esenciales, incluyendo empaques de alimentos, dispositivos médicos, componentes automotrices, fluidos para descongelar aviones, aislamiento de edificios, muebles para el hogar y equipos de telecomunicaciones.
리온델바젤 (NYSE: LYB)는 휴스턴 근처의 채널뷰 복합 단지에서 프로필렌 생산 능력을 대폭 확장한다고 발표했습니다. 새로운 메타세시스 유닛은 에틸렌을 프로필렌으로 전환하여 폴리프로필렌 및 프로필렌 옥사이드 생산에 사용되는 연간 약 400,000 미터 톤의 프로필렌 생산 능력을 추가할 것입니다.
건설은 2025년 3분기에 시작될 예정이며, 운영은 2028년 말에 시작될 것으로 예상됩니다. 이 프로젝트는 피크 건설 기간 동안 750개의 건설 일자리를 창출하고 25개의 정규직을 추가할 것입니다. 이 확장은 LYB의 자급 자족을 향상시키고, 증가하는 고객 수요를 충족시키며, 시장 변동성 노출을 줄여 일관된 주주 수익을 제공하는 것을 목표로 하고 있습니다.
생산된 자재는 식품 포장, 의료 기기, 자동차 부품, 항공기 제빙 액체, 건물 단열재, 가정용 가구 및 통신 장비를 포함한 다양한 필수 최종 용도에 사용될 것입니다.
LyondellBasell (NYSE: LYB) a annoncé une expansion significative de sa capacité de production de propylène au complexe de Channelview, près de Houston. La nouvelle unité de métathèse ajoutera environ 400 000 tonnes métriques de capacité de production annuelle de propylène, convertissant l'éthylène en propylène pour une utilisation dans la production de polypropylène et d'oxyde de propylène.
La construction devrait commencer au troisième trimestre 2025, avec des opérations prévues pour débuter fin 2028. Le projet créera 750 emplois dans la construction durant le pic de construction et ajoutera 25 postes permanents. L'expansion vise à améliorer l'autosuffisance de LYB, à répondre à la demande croissante des clients et à réduire l'exposition à la volatilité du marché pour garantir des rendements cohérents aux actionnaires.
Les matériaux produits serviront à diverses applications finales essentielles, y compris l'emballage alimentaire, les dispositifs médicaux, les composants automobiles, les fluides de dégivrage pour avions, l'isolation des bâtiments, les meubles pour la maison et les équipements de télécommunication.
LyondellBasell (NYSE: LYB) hat eine bedeutende Erweiterung seiner Propylenproduktionskapazität im Channelview-Komplex in der Nähe von Houston angekündigt. Die neue Metathese-Einheit wird etwa 400.000 metrische Tonnen an jährlicher Propylenproduktionskapazität hinzufügen, indem Ethylen in Propylen umgewandelt wird, das in der Produktion von Polypropylen und Propylenoxid verwendet wird.
Der Bau soll im 3. Quartal 2025 beginnen, und die Inbetriebnahme wird für Ende 2028 erwartet. Das Projekt wird während der Spitzenbauzeit 750 Baujobs schaffen und 25 dauerhafte Stellen hinzufügen. Die Erweiterung zielt darauf ab, die Selbstversorgung von LYB zu verbessern, die wachsende Kundennachfrage zu erfüllen und die Marktvolatilität zu reduzieren, um konsistente Renditen für die Aktionäre zu gewährleisten.
Die produzierten Materialien werden für verschiedene wesentliche Endanwendungen dienen, darunter Lebensmittelverpackungen, medizinische Geräte, Automobilkomponenten, Enteisungsflüssigkeiten für Flugzeuge, Gebäudeisolierung, Haushaltsmöbel und Telekommunikationsgeräte.
- 400,000 metric tons annual production capacity increase
- Creation of 25 permanent jobs and 750 construction positions
- Enhanced self-sufficiency in propylene production
- Reduced exposure to market volatility
- Strengthened position to meet growing customer demand
- 3+ year timeline until operational (late 2028)
- Significant capital investment required (amount not disclosed)
Houston, March 03, 2025 (GLOBE NEWSWIRE) -- LyondellBasell (NYSE: LYB) today announced an investment to expand propylene production capacity at its Channelview Complex near Houston.
Groundbreaking and construction are expected to begin in the third quarter of 2025, with a projected startup in late 2028. The unit will have an annual propylene production capacity of approximately 400 thousand metric tons, employ 750 people during peak construction and is expected to add 25 permanent jobs.
“This capacity expansion strengthens our ability to meet increasing customer demand and improve our self-sufficiency as we grow and upgrade a core business line for LyondellBasell,” said Kim Foley, LYB executive vice president, Global Olefins & Polyolefins and Refining. “Additionally, it reduces our exposure to market volatility, which positions LYB to provide consistent returns for our shareholders.”
The new metathesis unit will convert ethylene into propylene for use in the production of polypropylene and propylene oxide, which are building blocks for essential materials used in everyday life. End-use-related product lines include food packaging, medical devices, automotive components, aircraft deicing fluid, building insulation, cushions for home furnishings and telecommunications equipment.
ABOUT LYONDELLBASELL
We are LyondellBasell (NYSE: LYB) – a leader in the global chemical industry creating solutions for everyday sustainable living. Through advanced technology and focused investments, we are enabling a circular and low carbon economy. Across all we do, we aim to unlock value for our customers, investors and society. As one of the world's largest producers of polymers and a leader in polyolefin technologies, we develop, manufacture and market high-quality and innovative products for applications ranging from sustainable transportation and food safety to clean water and quality healthcare. For more information, please visit www.LyondellBasell.com or follow @LyondellBasell on LinkedIn.
FORWARD-LOOKING STATEMENTS
The statements in this release relating to matters that are not historical facts are forward-looking statements. These forward-looking statements are based upon assumptions of management of LyondellBasell which are believed to be reasonable at the time made and are subject to significant risks and uncertainties. Actual results could differ materially based on factors including, but not limited to, market conditions, our ability to obtain all necessary regulatory approvals and to successfully construct and operate the proposed facilities described in this release; industry production capacities and operating rates; our ability to successfully execute projects and growth strategies; and general economic conditions in geographic regions or markets served by LyondellBasell or where operations of the company are located. Additional factors that could cause results to differ materially from those described in the forward-looking statements can be found in the "Risk Factors" section of our Form 10-K for the year ended December 31, 2024, which can be found at www.LyondellBasell.com on the Investor Relations page and on the Securities and Exchange Commission's website at www.sec.gov.
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