LyondellBasell Sasol have closed on their Louisiana-based Integrated Polyethylene Joint Venture (JV) transaction following required regulatory and shareholder approvals. The 50/50 JV includes a 1.5 MM ton ethane cracker, 0.9 MM ton low-density and linear-low density polyethylene plants, and associated infrastructure near Lake Charles, LA, and will toll manufacture the products on behalf of the two shareholders.

“This transaction accelerates the transformation of our chemicals business toward a focus on specialty chemicals,” said Fleetwood Grobler, president and CEO of Sasol.