LyondellBasell (LYB) acquires a 35% stake in NATPET from Alujain, boosting its PP business and Saudi presence with plans for a new propylene facility.
LyondellBasell (LYB) and Alujain Corporation (Alujain) today announced completion of the acquisition of a 35% interest in Saudi Arabia–based National Petrochemical Industrial Company (NATPET) by LYB from Alujain.
LyondellBasell (LYB), through this partnership, can contribute to the elimination of plastic waste in the environment and the development of solutions for everyday sustainable living.