MOSCOW (MRC) -- LyondellBasell has announced that its Supervisory Board has authorized the company's Management Board to declare an interim dividend of USD0.70 per share, reported the company on its site.
The interim dividend will be paid 8 September, 2014 to shareholders of record 25 August, 2014, with an ex-dividend date of 21 August, 2014.
As MRC informed earlier, LyondellBasell on Monday announced plans to build a world scale PO/TBA plant on the US Gulf Coast with capacity of 900 million lb/year of propylene oxide (PO) and 2 billion lb/year of tertiary butyl alcohol (TBA) and its derivatives. The preliminary timetable is to have the plant operational in 2019. The plant is expected to sell PO in the global marketplace to meet growing demand for polyurethanes, which are used primarily for the manufacture of bedding, furniture, carpets and car seats.
LyondellBasell Industries NV is a manufacturing company. The company produces chemicals, fuels, and polymers used for packaging, clean fuels, durable textiles, medical applications, construction materials, and automotive parts. LyondellBasell Industries operates globally and is headquartered in the Netherlands. LyondellBasell is also a leading licensor of polypropylene and polyethylene technologies. The more than 250 polyolefin process licenses granted by LyondellBasell are twice that of any other polyolefin technology licensor.