02/08/2016

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LyondellBasell Sells Argentina-based Petroken to Grupo Inversor Petroquímica S.L.

LyondellBasell, one of the world´s largest plastics, chemical and refining companies, recently announced the completion of the sale of its wholly-owned subsidiary Petroken Petroquimica Ensenada S.A. (Petroken) to Grupo Inversor Petroquímica S.L. (GIP) for $184 million. Petroken operates a 180 kiloton plant in Ensenada and is a leading polypropylene producer in Argentina.

About LyondellBasell
LyondellBasell is one of the world´s largest plastics, chemical and refining companies and a member of the S&P 500. LyondellBasell manufactures products at 55 sites in 19 countries. LyondellBasell´s products and technologies are used to make items that improve the quality of life for people around the world including packaging, electronics, automotive parts, home furnishings, construction materials and biofuels.

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