NYSE:LYBChemicals
LyondellBasell Resets Portfolio And Capacity In Response To Tougher Cycle
LyondellBasell Industries (NYSE:LYB) is cutting global ethylene capacity and idling selected production through 2028 to address persistent weakness in chemicals markets.
The company plans to divest four European assets as part of a broad portfolio overhaul aimed at focusing on higher value operations.
These moves mark a clear inflection point for both LyondellBasell and the wider chemicals sector after a challenging period.
LyondellBasell, trading at about $53.88, is taking these capacity...