LyondellBasell to acquire 35% of NATPET for $500M

LyondellBasell Industries N.V.

LyondellBasell agreed to buy a 35% interest in NATPET from Alujain for ~$500 million.
Joint venture leverages Spheripol polypropylene technology and advantaged feedstocks in a strategic region.
Transaction is expected to close after regulatory approvals and other customary conditions.
Deal supports growth and upgrade of LyondellBasell's core polypropylene business.

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