LyondellBasell opens polypropylene compounding plant in Dalian, China
LyondellBasell has started operations at a new 20,000tpa polypropylene (PP) compounding plant in Dalian, China.
This is the company's third facility in China. The plant is strategically located to serve the region's growing automotive market.
LyondellBasell CEO Bob Patel said: "With China's automobile market poised for significant growth over the next several years this facility allows us to better serve our customers, reduce shipping time and logistics costs while delivering a strong return for our shareholders.
"This plant leverages our global value chain, from polypropylene technology to specialised compounded products, for the benefit of our customers in the region."
LyondellBasell is a producer of PP compounds and has 15 wholly owned facilities, including the Dalian plant, and three joint ventures in 12 countries.
LyondellBasell operates PP compounding plants in Suzhou and Guangzhou, China.
The addition of the Dalian plant allows the company to further expand into the North China region which is home to several automobile manufacturers, including BMW, Daimler, GM, Volkswagen, Audi, Nissan, and Chery.
LyondellBasell senior vice-president for olefins and polyolefins, Europe, Asia and International Richard Roudeix said: "This plant will supply our customers with the innovative products they need to produce more efficient and comfortable vehicles and allow us to maintain our leadership position in the automotive sector."
LyondellBasell's PP compounds are found in several modern vehicles and help to improve fuel efficiency and enable automobile manufacturers to comply with environmental standards for car interiors.