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On September 5, LyondellBasell and Liaoning Baolai Enterprise Group .
On the basis of fully embodying the principles of equity equality and maximizing the benefits of the joint venture company, both parties to the joint venture have decided to invest 50% of the equity in the project under construction of Polaris Chemical , and establish a governance structure with equal seats for directors and superviso.
Determined to invest 50% of the shares in the Baolai Chemical project under constructi.
According to the strategic positioning of building a world-class petrochemical industry base, Liaoning Baolai Enterprise Group .
LyondellBasell Industries is one of the world's largest plastics, chemical and refining companies with operations in 24 countries and customers in more than 100 countri.
Liaoning Baolai Enterprise Group .
The two parties stated that the joint venture will connect the Chinese market with flexible systems and mechanisms, advanced management concepts, leading technology products, low-cost competitiveness and superior geographical locati.
