For the second quarter, the company anticipates seasonal demand to increase across most businesses. LYB's North American and Middle Eastern production will continue to benefit from low natural gas and NGL costs compared with higher oil-based costs in other regions. Better-ranked stocks in the basic materials space are ATI Inc. (ATI) , Carpenter Technology Corporation (CRS) and Ecolab Inc. (ECL) . The global automobile industry is rapidly expanding and transforming, particularly in the new energy vehicle sec ...

NATPET currently has approximately 400,000 tons of annual PP production capacity. LYB will market the majority of the volume of the joint venture's production through its global network. Alujain and LYB are also jointly assessing the construction of a new propylene via propane dehydrogenation (PDH) and PP facility at the NATPET site, subject to a final investment decision. The project is being developed with a shared goal of targeting high-end products, and implementing solutions that align with the Kingdom ...

Shares of LyondellBasell have gained 13.8% over the past year compared with a 3.3% rise of its industry. For the second quarter, the company anticipates seasonal demand to increase across most businesses. LYB's North American and Middle Eastern production will continue to benefit from low natural gas and NGL costs compared to higher oil-based costs in other regions. As the summer driving season begins, oxyfuel and refining margins are likely to rise due to increased gasoline crack spreads and reduced butane ...

LyondellBasell Industries N.V. (LYB) recently announced that its board of directors has approved a quarterly dividend of $1.34 per share, marking a 7% increase from its first-quarter 2024 payout. The dividend will be distributed to shareholders on Jun 10, 2024, with an ex-dividend and record date of Jun 3, 2024. Zacks Rank & Key Picks LyondellBasell currently carries a Zacks Rank #3 (Hold). Better-ranked stocks in the basic materials space include ATI Inc. (ATI) , Carpenter Technology Corporation (CRS) and ...

HOUSTON and LONDON, May 24, 2024 /PRNewswire/ -- LyondellBasell (NYSE: LYB) today announced its board of directors has declared a quarterly dividend of $1.34 per share, representing a 7 percent increase over the company's first quarter 2024 dividend. The dividend will be paid to shareholders on June 10, 2024, with an ex-dividend and record date of June 3, 2024. "Today's 7 percent dividend increase reflects LyondellBasell's confidence in our ability to navigate dynamic markets, unlock value with our focused ...

LyondellBasell Industries N.V. (LYB) has introduced novel Polybatch Effects FROST masterbatches. These change PET packaging with a gorgeous matte frost effect and come in two different styles. Polybatch Effects FROST can be effortlessly combined with a variety of colors to achieve a high-end, sophisticated look. Polybatch Effects FROST effortlessly enhances the brand image with a premium aesthetic and reduces the appearance of recycled PET to a more desired look. Polybatch Effects FROST also has NIR sorting ...

LyondellBasell Industries N.V. (LYB) has set up a new polyolefins distribution hub in Hungary. This move is part of the company's continued effort to improve the customer experience, as seen by the inauguration of the U.K. hub in November 2023, by bringing inventory closer to its customers' facilities and lowering order lead times. This distribution facility in Hungary is a key addition to LyondellBasell's global footprint and represents a big step forward in giving customers speedier access to its products ...

ROTTERDAM, Netherlands, May 16, 2024 /PRNewswire/ -- LyondellBasell, a global leader in the chemical industry, is proud to announce the establishment of a new distribution hub in Hungary for its polyolefins grades. This move is part of our ongoing commitment, also illustrated by the opening of the UK hub in November 2023, to enhancing the customer experience by placing inventories closer to our customers' facilities reducing lead times on orders. This distribution hub in Hungary is an important addition to ...

LyondellBasell Industries N.V. (LYB) announced a strategic review of its European operations in the Olefins & Polyolefins and Intermediates & Derivatives business units. This review aligns with the company's strategic approach to grow and upgrade its core businesses, develop profitable circular and low-carbon solutions and enhance performance and culture.LYB’s strategy, as outlined at the 2023 Capital Markets Day, focuses on businesses with enduring competitive advantages. It plans to reinvest in areas that ...

HOUSTON and LONDON, May 8, 2024 /PRNewswire/ -- LyondellBasell today announced the formal launch of a strategic review of the European assets of its Olefins & Polyolefins and Intermediates & Derivatives business units. The assessment will evaluate the assets through the lens of the company's strategy to Grow & Upgrade the Core, Build a Profitable Circular and Low Carbon Solutions Business, and Step Up Performance & Culture. "At the 2023 Capital Markets Day, we stated our intent to concentrate our portfolio ...