Construction Boxscore Database is produced by Hydrocarbon Processing |
Subscriber Login

News Post

Sasol and LyondellBasell announce a $2 billion petrochemical joint venture in Lake Charles, Louisiana

Sasol of South Africa recently announced plans that it would sell 50% of its stake in an ethane cracker and two polyethylene plants, plus any associated infrastructure at the Lake Charles Chemicals Complex (LCCP) in Lake Charles, Louisiana. This $2 billion sale is expected to help Sasol reduce its current debt of approximately $11 billion. 

The units involved in this transaction are the 1.5 million tons per year (MMtpy) ethane cracker and 0.9 MMtpy low and linear low density plants at the LLCP.  LyondellBasell will operate these units under the new name of Louisiana Integrated PolyEthylene JV LLC, while Sasol is expected to retain full ownership of the Lake Charles Research and Development complex and performance chemicals business. Sasol will also keep its ownership of the empty site locations for potential future development.

This transaction is subject to customary regulatory approvals and approval by Sasol shareholders, and is expected to close by the end of 2020.



For questions or to give feedback:
Thad Pittman 
+1 (713) 525-4605

For subscriptions or a demo:

Ed Bramwell
+44 20 3793 9705

Download our brochure today!


Boxscore Online Demo



Project News

Boxscore Construction Analysis:
Business Trends: Asia and Europe join the feedstock evolution with steam crackers

From the April 2018 issue of Hydrocarbon Processing


Please read our Term and Conditions, Cookies Policy, and Privacy Policy before using the site. All material subject to strictly enforced copyright laws. © 2021 Gulf Publishing Holdings LLC.