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The LyondellBasell Spheripol and Hostalen ACP technologies selected for Inner Mongolia Rongxin Co., Ltd. chemical complex in China
Publish date: 2024-03-12
LyondellBasell, the world’s largest licensor of polyolefin technologies, has announced that Inner Mongolia Rongxin will use the its Spheripol and Hostalen Advanced Cascade Process (Hostalen ACP) technologies for its new facility.
The Hostalen ACP process technology manufactures high performance, multi-modal HDPE resins with stiffness/toughness balance, impact resistance, high stress cracking resistance and process advantages used in pressure pipe, film and blow moulding applications. The Hostalen ACP plant will commence operations using Avant Z501 and Avant Z509-1 catalysts to produce a full range of multi-modal HDPE products.
“Unfortunately, we continue to see demand soften, and price declines due to the oversupply caused by offshore producers pushing material into the EMEA market. We anticipate these conditions to continue in 2024 and beyond. Additionally, our fixed operating costs at Stade are significant, placing a further strain on our financial viability at this location,” said CEO, Frank Bozich.
The Hostalen ACP process technology manufactures high performance, multi-modal HDPE resins with stiffness/toughness balance, impact resistance, high stress cracking resistance and process advantages used in pressure pipe, film and blow moulding applications. The Hostalen ACP plant will commence operations using Avant Z501 and Avant Z509-1 catalysts to produce a full range of multi-modal HDPE products.
“Unfortunately, we continue to see demand soften, and price declines due to the oversupply caused by offshore producers pushing material into the EMEA market. We anticipate these conditions to continue in 2024 and beyond. Additionally, our fixed operating costs at Stade are significant, placing a further strain on our financial viability at this location,” said CEO, Frank Bozich.
source:PRA
