LyondellBasell, Sasol agree on USD2-billion Lake Charles JV

MOSCOW (MRC) -- LyondellBasell and Sasol have agreed to form a joint venture (JV), under which LyondellBasell will pay USD2 billion to acquire 50% of Sasol's new 1.5-million metric tons/year steam cracker, and low-density polyethylene (LDPE) and linear low-density polyethylene (LLDPE) plants with combined capacity for 900,000 metric tons/year, as well as associated infrastructure, at Lake

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