6/16/2010

LyondellBasell will rely on demand growth for polypropylene and polyethylene to strengthen its market position, just months after emerging from bankruptcy protection. The chemical company encountered "a lot of stress" during the restructuring period as it reduced its workforce and closed plants, said Anton de Vries, senior vice president of olefins and polyolefins. The company projects an increase of about 30 million metric tons in polyolefin demand by 2014, and it sees growth through investments in Europe and low-cost joint ventures in the Middle East.

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