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Sinochem News Network reported on June 8, LyondellBasell (LyondellBasell) announced the successful start-up of a polypropylene joint venture production facility with an annual capacity of 400,000 tons in Ulsan, South Korea
.
“During the epidemic, Asia’s demand for polypropylene remains strong
.
Now, as the global economy recovers, this joint venture is in a very good position to meet the greater demand in the region,” Lyondell Basel Olefins and Polyolefins Ken Lane, executive vice president of operations, said
The facility uses LyondellBasell's fifth-generation Spheripol PP process technology
.
According to the joint venture agreement, PolyMirae will be responsible for selling all polypropylene products produced at the facility to Asian customers