Monday, December 12, 2011

LyondellBasell mulls US$1.5 bln spend on new plants and expansions

LyondellBasell Industries NV may spend US$1.5 bln on new plants and expansions to add as much as $1 billion a year to pretax earnings by 2016. CEO Jim Gallogly today told participants at the company’ss annual Investor Day in New York that LyondellBasell is well positioned for the future.

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