As many as eleven companies are supporting the large-scale deployment of carbon capture and storage (CCS) technology in Houston in order to decarbonize industrial units in the region. Together they are planning to potentially capture and safely store up to 50 million metric tons of CO2 per year by 2030 and about 100 million metric tons by 2040.
Lyondell Basell's proprietary Moretec molecular recycling technology is based on chemical recycling but it also includes a catalyst-based approach. The technology aims to return post-consumer plastic waste back to its molecular form and use it as feedstock for the production of new plastic materials. Currently, the company has set up a pilot plant in Italy to advance its technology towards commercial scale.
Under the MOU, Lyondell Basell and Bora will form a 50:50 JV in China. The new JV will also operate a 1.1 million tonne ethylene cracker which is expected to produce olefins & polyolefins in order to expand Lyondell Basell’s participation in the rapidly growing Chinese olefins & polyolefins market.
Lyondell Basell and its joint venture partner Covestro, started operation of a large investment project at their site in Maasvlakte-Rotterdam, the Netherlands. The Circular Steam Project incorporates an innovative technology into the existing production plant to convert its water-based waste into energy.
Lyondell Basell announced that Qingdao Jinneng New Material has selected their polypropylene fifth generation Spheripol technology for a 450 KTA unit to be constructed in their petrochemical complex in Qingdao City, Shandong Province, China.
Liaoning Bora Petrochemical has selected Lyondell Basell’s polypropylene (PP) and polyethylene (PE) technologies for three new plants in its new petrochemical complex in Panjin, Liaoning Province, China.
Lyondell Basell plans to boost the capacity for Tri-Ethylene Glycol (TEG) at its plant in Pasadena, Texas, by 50 million tons. This project would nearly double the company's TEG–output in Pasadena, making it one of the largest of its kind.