Wednesday, March 25, 2009

LyondellBasell to indefinitely shut Texas-based olefins complex by August

LyondellBasell Industries will indefinitely shut its Chocolate Bayou olefins complex near Alvin, Texas, by Aug. 4, 2009. The decision has said to be arrived after an viability assessment of the plant by the company which is presently restructuring under Chapter 11 bankruptcy protection.

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