LyondellBasell grants Spherizone and Lupotech T Licenses to Shaanxi Coal Yulin Energy and Chemical

18-Jul-17

LyondellBasell granted its Spherizone and Lupotech T Licenses to Shaanxi Coal Yulin Energy and Chemical. Spherizone is the most advanced polypropylene technology and should help expand the company’s product portfolio, while Lupotech T should provide a cost advantage. This technology will be used in the Jingbian Chemical Industrial Park in Yulin City, China. The financial details of this transaction are still unknown

This deal represents LyondellBasell’s 14th grant of Spherizone technology since it was launched in 2006. LyondellBasell Executive Vice President Global Dan Coombs stated: “The Spherizone technology enables polypropylene producers to expand their business and capture additional value through product differentiation. Lupotech T is the clear market leader in high-pressure tubular LDPE technology offering low operating and investment costs to our customers.”