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LyondellBasell's Technology Selected for PP Plant in China

LyondellBasell Industries N.V.’s LYB Spherizone technology was recently chosen by Petrochina Liaoyang Petrochemical Company (LYPC) and China Petroleum Materials Limited Corporation (CPMC) for building a 300KT per annum polypropylene (PP) plant at Liaoyang, Liaoning Province, China.

Notably, the technology was selected through a global bidding process based on the technical exchanges with various licensees. It has the ability to produce high value-added polypropylene products.

The Spherizone process is a new and advanced polypropylene technology. It enables the production of completely new families of propylene-based polymers through a unique multi-zone circulating reactor system. Moreover, the project marks the ninth Spherizone line licensed in China. The total design and operating capacity of Spherizone lines in China will exceed 3,000 KT per year.

Additionally, LyondellBasell’s portfolio of licensed polyolefin processes and related technical services includes Spheripol (a leading PP process technology with more than 25 million tons of licensed capacity), Lupotech (market leader on high-pressure technology), Hostalen (low-pressure slurry process for the production of high-performance multimodal HDPE), Metocene PP (innovative add-on technology for the production of specialty polypropylene products) and Spherilene (a flexible gas phase process technology).

Shares of LyondellBasell have lost 28.1% in the past three months compared with the industry’s 22.4% decline.



In October, LyondellBasell stated that it expects to drive operational and business improvements in Refining, Technology as well as Intermediates and Derivatives businesses in the fourth quarter. The company is poised to benefit from increased access to markets, incremental synergies from the integration of A. Schulman acquisition and the formation of the Advanced Polymer Solutions segment.

LyondellBasell Industries N.V. Price and Consensus

 

LyondellBasell Industries N.V. Price and Consensus | LyondellBasell Industries N.V. Quote

 

Zacks Rank & Stocks to Consider

LyondellBasell currently carries a Zacks Rank #3 (Hold).

A few better-ranked stocks in the basic materials space include CF Industries Holdings, Inc. CF and The Mosaic Company MOS, sporting a Zacks Rank #1 (Strong Buy) along with Ingevity Corporation NGVT, carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

CF Industries has an expected long-term earnings growth rate of 6%. The company’s shares have inched up 1.8% in the past year.

Mosaic has an expected long-term earnings growth rate of 7%. The company’s shares have rallied 33.8% in the past year.

Ingevity has an expected long-term earnings growth rate of 12%. Its shares have moved up 21.1% in a year’s time.

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LyondellBasell Industries N.V. (LYB) : Free Stock Analysis Report
 
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