- Processing Solutions
- Agitators
- Asset Management
- Automation
- Blowers & Fans
- Centrifuges
- Chillers
- Compressors
- Conveyors
- Dryers & Evaporators
- Feeders
- Filtration & Separation
- Flowmeters
- Fluid Flow
- Heat Exchangers
- Instrumentation
- Level Measurement
- Maintenance & Safety
- Mixing & Blending
- Motors & Drives
- Oil Skimmers
- Piping & Tubing
- Packaging Equipment
- Powder & Bulk Solids
- Process Control
- Pumps & Seals
- Size Reduction
- Tanks & Vessels
- Valves & Actuators
- Weighing
- More
- Newsletters
- White Papers
- Buyer's Guide
- Videos
- Events
- Advertise
More
NEW YORK — Chemical maker LyondellBasell Industries announced it may spend $1.5 billion on new plants and expansions to add as much as $1 billion a year to pretax earnings by 2016, Bloomberg reported.
Projects in the U.S. olefins unit may add as much as $500 million to earnings before interest, tax, depreciation and amortization, LyondellBasell said during a New York investor presentation on Dec. 8.
CEO Jim Gallogly said he is expanding U.S. production of ethylene, a key plastics ingredient, using ethane, a component of natural gas, because shale-gas production has reduced prices.
