(Polimerica) -- The LyondellBasell polypropylene plant in Terni, in central Italy, was planned to be shutdown on 30 June but after a recent meeting at the Ministry of Economic Development there is hope for the sale of the assets.
Apparently Novamont, a producer of biopolymers in Terni, as well as a group of local entrepreneurs are also interested in the plants in Umbria.In the meeting, LyondellBasell is to restart the plants - should interest be concrete.
A new meeting at the Ministry is planned for Thursday, 8 July to verify the status of negotiations.
LyondellBasell. The share in the Russian market in 2008:
PE - 1.4% (including HDPE - 2.5%, LDPE - 0.3%);
PP - 4.1% (including block-copolymers - 9.5%).
Annual sales growth in Russia, during the recent 5 years:
PE - 27%;
PP - 88%.
The leader in the following polymers processing technologies: