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Business
Lyondell to Close Polyethylene Plant
July 7, 2008
| A version of this story appeared in
Volume 86, Issue 27
LyondellBasell is closing its low-density polyethylene (LDPE) plant in Pasadena, Texas. The company says production at the unit, operated by Sunoco, is no longer viable and that it will move production to its other sites. LyondellBasell operates LDPE plants in Clinton, Iowa; La Porte, Texas; and Morris, Ill. "High operating costs at the site and unfavorable market economics have provided inadequate financial returns," says Jerry Parker, vice president of polyethylene in the Americas for LyondellBasell.
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