SOURCE: Industrial Info Resources

Industrial Info Resources

October 28, 2014 06:15 ET

LyondellBasell Third-Quarter Capex Down From Year Earlier, Ramps Up Gulf Coast Facilities, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwired - Oct 28, 2014) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Capital expenditures by chemicals producer and oil refiner LyondellBasell Industries (NYSE:LYB) totaled $338 million in the third quarter, down $85 million from a year earlier, according to the company. A longer-than-anticipated ethylene plant turnaround and mechanical problems at the company's La Porte site in Texas had a significant impact on the quarterly results. Industrial Info is tracking 56 LyondellBasell projects, with a combined value of $3.29 billion.

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