The Traderszone Network

Published in TZ Latest News 9 May, 2014 by The TZ Newswire Staff

LyondellBasell Leans On U.S. Petro Renaissance

Netherlands-based LyondellBasell (LYB) tied up a healthy weekly gain Friday and is still in buying range from a 92.04 buy point. The plastics and chemical refiner announced on May 2 that it had received a “key permit,” moving forward a multiplant expansion in Texas aimed at increasing its ethylene production by 1.85 billion pounds per year. Ethylene is used to make various plastics.

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