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LYONDELLBASELL INDUSTRIES N.V.

(LYB)
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LyondellBasell Industries N : Jinneng Chemical (Qingdao) Co., Ltd. selected LyondellBasell technology again

09/28/2021 | 03:52am EST

ROTTERDAM, the Netherlands, September 28, 2021 - LyondellBasell (NYSE: LYB) today announced that Jinneng Chemical (Qingdao) Co., Ltd. has again selected LyondellBasell's leading polypropylene technology for a new world scale production facility.

The facility will include a 450 kiloton per annum (KTA) polypropylene (PP) plant using LyondellBasell's Spherizone technology as well as a 450 KTA PP plant using LyondellBasell's Spheripol technology. The facility will be built in Qingdao City, Shandong Province, Peoples Republic of China.

"Jinneng Chemical's choice to again use LyondellBasell's PP technology for their Qingdao City facility, will enable them to produce a full range of PP products to serve an increasingly demanding Chinese polymer market" said Neil Nadalin, Director of Licensing at LyondellBasell. Nadalin added, "Product differentiation is of increasing importance; and in selecting the Spherizone technology, our licensees are best prepared to take on that challenge. Additionally, we are very pleased that Jinneng Chemical has again chosen the easy-to-operate Spheripol process, as their phase 1 Spheripol process line approaches start-up".

Mr. QIN Qingping, Founder and CEO of Jinneng Science & Technology Company., Ltd., parent company of Jinneng Chemical (Qingdao) Co. Ltd., stated, "We are excited to expand our existing relationship with LyondellBasell. The selected Spherizone technology will allow us to effectively enter new markets and applications due to superior product properties whereas the Spheripol technology will support our aim to grow effectively in volume on a global benchmark basis".

The Spherizone multi-zone circulating reactor (MZCR) provides a unique and innovative platform to manufacture PP products with novel architecture and enhanced product properties. With this contract, now more than 25 plants operating Spherizone process technology have been licensed worldwide.

Spheripol is the leading PP process with more than 30 million tons of licensed capacity. The latest fifth generation Spheripol technology includes process improvements that further maximize operational efficiency.

Both plants will commence operations using LyondellBasell's Avant ZN catalyst.

New licensees take advantage of LyondellBasell's in-house expertise of continuous production improvement, sustainable product development and catalyst knowhow, by optionally joining our Technical Service program.

In addition to the Spheripol and Spherizone process technology, LyondellBasell's portfolio of licensed polyolefin processes and catalysts includes:

  • Hostalen - Leading low-pressure slurry process for the production of high-performance multimodal HDPE.
  • Lupotech - The market leader on high pressure technology offers, with its high conversion rates and effective heat recovery system, the lowest operating and investment costs for the production of low-density polyethylene (LDPE) and ethylene vinyl acetate (EVA) copolymers.
  • Spherilene - Flexible gas phase process technology for the production of LLDPE, MDPE and HDPE.
  • Metocene PP - Innovative add-on technology for the production of specialty polypropylene products using single-site catalyst systems
  • Avant - Advanced Ziegler-Natta, including non-phthalate, chromium and metallocene catalysts for entire range of polyolefin production.

About LyondellBasell:
LyondellBasell (NYSE: LYB) is one of the largest plastics, chemicals and refining companies in the world. Driven by its employees around the globe, LyondellBasell produces materials and products that are key to advancing solutions to modern challenges like enhancing food safety through lightweight and flexible packaging, protecting the purity of water supplies through stronger and more versatile pipes, improving the safety, comfort and fuel efficiency of many of the cars and trucks on the road, and ensuring the safe and effective functionality in electronics and appliances. LyondellBasell sells products into more than 100 countries and is the world's largest producer of polypropylene compounds and the largest licensor of polyolefin technologies. In 2021, LyondellBasell was named to FORTUNE Magazine's list of the "World's Most Admired Companies" for the fourth consecutive year. More information about LyondellBasell can be found at www.lyondellbasell.com.

Hostalen, Lupotech, Spherizone, Spherilene, Spheripol, Metocene and Avantare trademarks owned and/or used by the LyondellBasell family of companies.

Disclaimer

LyondellBasell Industries NV published this content on 28 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 September 2021 07:51:03 UTC.


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Kenneth T. Lane CEO, Executive VP-Global Olefins & Polyolefins
Michael C. McMurray CFO, Principal Accounting Officer & Executive VP
Jacques Aigrain Chairman
James Seward SVP-Research & Development, Technology
Stephen F. Cooper Independent Director
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