June 5, 2025 14:50

Concerns over a gradual retreat by global petrochemical giants from Europe are increasingly being borne out by market developments.

Following the strategic review of its European operations announced last year, polyolefins leader LyondellBasell confirmed today that it has entered into advanced negotiations with German investment group Aequita for the divestment of a number of key assets in its olefins and polyolefins portfolio.
The agreement includes production sites located in Berre, France; Münchsmünster, Germany; Carrington, United Kingdom; and Tarragona, Spain.