ROTTERDAM, Netherlands
,
November 17, 2023
(press release)
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LyondellBasell (NYSE: LYB), the world’s largest licensor of polyolefin technologies, today announced that Indian Oil Corporation Ltd. (IOCL) has selected LyondellBasell’s Hostalen “Advanced Cascade Process” (Hostalen ACP) technology for a new 200 kiloton per year (KTA) high density polyethylene (HDPE) plant. The new facility will be built in Panipat, India. “This new license award by IOCL represents the second Hostalen ACP process technology line to be built at Panipat. This is a clear demonstration of the confidence of our customers in our capability, and their trust in our technology” said Neil Nadalin, Senior Director Global Licensing and Services at LyondellBasell. Nadalin added: “The well-known Hostalen ACP resins from LyondellBasell’s low-pressure slurry HDPE process are much appreciated in India, as our technology enables operators to reliably and economically produce resins the Indian market demands“. The Hostalen ACP process technology manufactures high performance, multi-modal HDPE resins with an industry-leading stiffness/toughness balance, impact resistance, high stress cracking resistance and processing advantages used in pressure pipe, film, blow molding and caps & closure applications. The Hostalen ACP plant will commence operations using Avant Z501 and Avant Z509-1 catalysts to produce a full range of multi-modal HDPE products. New licensees can take advantage of LyondellBasell’s in-house expertise of continuous production improvement, sustainable product development and catalyst knowhow, by optionally joining our Technical Service program. In addition to the Hostalen ACP process technology, the LyondellBasell portfolio of licensed polyolefin processes and catalysts includes: Spheripol – The leading PP process technology with more than 33 million tons of licensed capacity with globally recognized quality grades with leading monomer consumption and investment costs to make it the technology of choice Spherizone – The breakthrough multi-zone circulating reactor provides a unique and innovative platform to manufacture polypropylene products with novel architecture and enhanced properties Lupotech – The market leader on high pressure technology offers, with its high conversion rates and effective heat recovery system, the lowest operating and investment costs for the production of low density polyethylene (LDPE) and ethylene vinyl acetate (EVA) copolymers Avant – Advanced Ziegler-Natta, including non-phthalate, chromium and metallocene catalysts for entire range of polyolefin production. About IOCL: Indian Oil Corporation Limited (IOCL) is a leading Public Sector Undertaking with a footprint across the energy landscape - oil, gas, petrochemicals, and alternative energy sources, playing a crucial role in meeting the country's energy demand. As India’s leading energy major, it owns and operates 10 out of the 22 refineries in India, with a refining capacity exceeding 80 million metric tons annually and accounts for over 35% of the national refining capacity. IOCL also operates an extensive pipeline network for the transportation of crude oil and other products, in addition to its widespread marketing chain that is responsible for the distribution of various petroleum and petrochemical products through its network of over 60,000 customer touch-points, surmounting the challenges of tough terrain, climate, and accessibility. Its Research & Development Centre offers a competitive advantage to the Corporation through world-class technology, process solutions and innovative products. About LyondellBasell: We are LyondellBasell – a leader in the global chemical industry creating solutions for everyday sustainable living. Through advanced technology and focused investments, we are enabling a circular and low carbon economy. Across all we do, we aim to unlock value for our customers, investors and society. As one of the world’s largest producers of polymers and a leader in polyolefin technologies, we develop, manufacture and market high-quality and innovative products for applications ranging from sustainable transportation and food safety to clean water and quality healthcare. For more information, please visit www.lyondellbasell.com or follow @LyondellBasell on LinkedIn. Hostalen, Lupotech, Lupotech T, Spherizone, Spheripol and Avant are trademarks owned and/or used by the LyondellBasell family of companies
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