ROTTERDAM, Netherlands, February 25, 2010 – LyondellBasell Industries today announced a project to cease the production of polypropylene (PP) at Terni, Italy. The company has started the employee consultation process regarding a project to permanently shut down the unit.
“Demand for polypropylene continues to be affected by global economic conditions and the resulting market environment has made facilities such as Terni no longer economically viable. We expect to be able to meet projected customer demand for polypropylene (including local customers in Terni) with product supplied from our other facilities in Italy,” said Anton De Vries , LyondellBasell’s senior vice president, Olefins and Polyolefins – Europe, Asia and International. LyondellBasell said that PP production activities in Italy will be focused on the company’s world-scale sites at Ferrara and Brindisi.
The Terni plant has a nameplate capacity of 255 KT per year. In conjunction with the shutdown project, LyondellBasell has started consultation with representatives of the employees to determine the appropriate path forward for the employees at the site. The plant currently has approximately 120 permanent employees.
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LyondellBasell Industries is one of the world's largest polymers, petrochemicals and fuels companies. LyondellBasell is the global leader in polyolefins technology, production and marketing; a pioneer in propylene oxide and derivatives; and a significant producer of fuels and refined products, including biofuels. Through research and development, LyondellBasell develops innovative materials and technologies that deliver exceptional customer value and products that improve quality of life for people around the world. LyondellBasell (www.lyondellbasell.com) is privately owned by ProChemie GmbH, a joint venture of Access Industries and ProChemie Holding Ltd.
Source: LyondellBasell Industries
For information, contact:
Waldemar Oldenburger +49 69 305 854 59 or
waldemar.oldenburger@lyondellbasell.com
