LyondellBasell, Sasol form $2 billion integrated polyethylene joint venture – 6 Oct 2020

LyondellBasell and Sasol today announced they have entered into a definitive agreement to form a 50/50 joint venture (JV) through which LyondellBasell will acquire 50 percent of Sasol’s 1.5 MM ton ethane cracker, 0.9 MM ton low and linear low-density polyethylene plants, and associated infrastructure for a total consideration of US$2 Billion.