Global bio-tech company, LyondellBasell Industries N.V. (LYB) has had a series of noteworthy market activities. The company received funding from multiple firms, including Infinity Recycling B.V, Chevron Phillips Chemical Company LLC, and Potenza Capital LP and others, alongside which its signing of a significant $700 million deal to divest Ethylene Oxide and business to Ineos Oxide stands out. It also secured Renewable Energy Power Purchase Agreements. The company appeared to outperform the market on certain days, but also fell short on others, causing fluctuations in their stocks. Responding to the growing market needs, the firm has increased polypropylene compounding production in China. The company also revealed plans for a joint venture in plastics recycling with Genox Recycling. Lastly, in a separate but related industry move, DuPont expanded photoresist manufacturing capacity in Japan.
Lyondellbasell Industries N v Class A LYB News Analytics from Tue, 04 Aug 2020 10:36:05 GMT to Fri, 25 Oct 2024 08:16:21 GMT - Rating 2 - Innovation 7 - Information 5 - Rumor -1
