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LyondellBasell Industries: Building a Global Petchem Giant
Building a Global Petchem Giant
8:05 AM MDT | May 5, 2008 | Robert Westervelt in Houston
Basell’s acquisition of Lyondell Chemical last December creates a global petrochemical giant, filling out product and regional gaps of the two companies. The combined company, which has been renamed LyondellBasell Industries (Rotterdam, the Netherlands), posted 2007 revenues of $44.7 billion, trailing only industry leaders BASF, Dow Chemical, ExxonMobil Chemical, and Shell Chemical. Lyondell had long been in the sights of Basell management. “Lyondell has been a love affair for many years,” says LyondellBasell CEO Volker Trautz. Basell’s...
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