LyondellBasell JV HMC Polymers Expands Production in Thailand

Source: www.gulfoilandgas.com 6/24/2019, Location: Asia

LyondellBasell (LYB), one of the largest plastics, chemicals and refining companies in the world, is expanding its presence in Southeast Asia through its joint venture, HMC Polymers Company Limited (“HMC”), which announced today it will build a fourth Polypropylene production line at its site in Map Ta Phut, Thailand. Constructing the new unit will allow HMC to maintain domestic market share and aims to address the projected five to six percent annual demand growth for polymers in the Southeast Asia Region.

The new unit will be the most advanced unit in the world using LyondellBasell’s Spherizone production technology and will have a nameplate annual production capacity of 250 kilotons (kt).

“Asia is one of the fastest growing regions in the world, with demand for polymers boosted by expanding populations, increasing individual wealth and urbanization. LyondellBasell’s Spherizone technology will help to address those growth opportunities,” said Jim Seward, LyondellBasell Vice President, Sustainability, Technology and Joint Ventures. “Our technology provides solutions for the transportation of clean water through strong and long lasting pipes and contributes to the preservation of food through packaging and films that improve portability, extend shelf-life and prevent contamination.”

“This investment will allow us to further develop our highly differentiated range of products, benefitting also from the innovation expertise of LyondellBasell as a Joint Venture partner,” said Martyn Tickner, President of HMC Polymers. “The strong collaboration between all shareholders will ensure continued successful growth of HMC, and also maintain our ability to support our loyal base of customers as the largest PP producer in Southeast Asia.”

HMC produces polypropylene mainly for the domestic Thailand, China, Southeast Asia, Indian Subcontinent and Australian markets.

Spherizone technology allows for the production of highly differentiated polypropylene (PP) products for applications such as sewage, drainage and household fresh water pipes.

LyondellBasell is a leading licensor of polypropylene and polyethylene technologies with more than 280 polyolefin process licenses globally. HMC Polymers currently operates a Spherizone line and with this addition, HMC becomes the first company in the world with two Spherizone licenses. The polymer company also operates two additional polypropylene lines at its Map Ta Phut site using LyondellBasell’s Spheripol technology.


Argentina >>  6/27/2022 - The upstream energy firm with a focus on Latin America, Echo Energy plc, reports that AIM Regulation has given the company an extra two months to publ...
United States >>  6/27/2022 - The oil exploration, development, and production company Mosman Oil and Gas Limited ( MSMN) is happy to deliver the following operational update. ...

Canada >>  6/24/2022 - ReGen III Corp. is pleased to provide the following updates regarding its Sale, Purchase and Marketing Agreement with bp.

On May 1, 2021, ...

Iraq >>  6/24/2022 - Gulf Keystone, a prominent independent operator and producer in the Kurdistan Region of Iraq, delivers an operational and corporate update ahead of to...

Nigeria >>  6/23/2022 - ADM Energy PLC, a natural resources investing company, announces its audited full year results for the 12 months ended 31 December 2021.

I...

Tanzania >>  6/22/2022 - Prior to today's Annual General Meeting ("AGM"), Wentworth, an independent natural gas production company with a focus on Tanzania, is delighted to pr...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 


Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.