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Last updated on April 17, 2014 at 15:30 EDT

LyondellBasell Grants Lupotech T License to Slovnaft Petrochemicals for New Plant in the Slovak Republic

September 23, 2008

ROTTERDAM, Netherlands, Sept. 23 /PRNewswire/ — Slovnaft Petrochemicals, s.r.o., a subsidiary of the MOL Group, has selected LyondellBasell’s Lupotech T technology for a new 220 KT per year low density polyethylene (LDPE) plant planned to be built in Bratislava, located in the Slovak Republic. Start up is expected in 2012.

“To successfully compete in the European market, our petrochemical assets demand leading economics through best-in-class operating performance, a superior product portfolio and optimum site integration, which is to be achieved by our planned major investment and by selecting LyondellBasell’s Lupotech T LDPE technology,” Arpad Olvaso, Senior Vice President – MOL Petrochemicals, said yesterday at the signing ceremony in Budapest.

Just Jansz, President of LyondellBasell’s Technology Business, commented: “This is already our fourth polyolefins process technology we have licensed to the MOL Group, building on a relationship that spans more than twenty years.”

“The new plant for Slovnaft Petrochemicals is the 17th Lupotech T technology license granted since the year 2000,” added Jansz. “With a total of more than 7 million tonnes of licensed capacity to date, Lupotech T has established itself as the clear market leader in high pressure LDPE technology.”

Key features of Lupotech T technology include low manufacturing and investment costs, fast start up and grade changes, and a high on-stream factor which make it today’s technology of choice for the world scale production of LDPE and EVA copolymers.

In addition to the Lupotech T process, LyondellBasell’s portfolio of licensed polyolefin technologies and associated technical services is comprised of:

   -- Lupotech A -- high pressure autoclave process for the production of      specialty LDPE and EVA copolymers   -- Spherilene -- advanced, swing-gas-phase process for the production of      LLDPE, MDPE and HDPE   -- Hostalen --  leading low-pressure slurry process for the production of      bimodal HDPE   -- Spheripol -- leading polypropylene technology for the production of      homopolymer, random and heterophasic copolymers   -- Spherizone -- latest generation polypropylene technology, based on a      new multi-zone reactor for the production of polypropylene and novel      polyolefins.   -- Metocene PP -- technology for the production of specialty polypropylene      products using single-site catalyst systems    

LyondellBasell Industries is one of the world’s largest polymers, petrochemicals and fuels companies. We are 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 bio-fuels. 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. Headquartered in The Netherlands, LyondellBasell (http://www.lyondellbasell.com/) is privately owned by Access Industries.

MOL Group Petrochemicals Division is the 8th largest player in the European polyethylene and polypropylene markets, and comprises both TVK and Slovnaft petrochemical businesses. The Division produces olefins and polymers in two locations, over 10 units, including olefin, HDPE, LDPE, and PP. The combined polymer output of Slovnaft Petrochemicals and TVK has increased to more than 1.2 million tons of PE and PP per annum, making MOL Group Petrochemicals Division one of the largest integrated polyolefin producer in Central Europe.

LyondellBasell Industries

CONTACT: Media, Waldemar Oldenburger of LyondellBasell Industries,+49 69 305 854 59, waldemar.oldenburger@lyondellbasell.com

Web site: http://www.lyondellbasell.com/