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LyondellBasell Industries is purchasing a 35% stake in the polypropylene maker National Petrochemical Industrial Company (Natpet) for $500 million from the Saudi industrial conglomerate Alujain. Natpet operates a polypropylene plant in Yanbu, Saudi Arabia, with a capacity of 400,000 metric tons per year. LyondellBasell and its partners are also studying the possibility of building an integrated propane dehydrogenation and polypropylene complex at the site.
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