Investment Summary

LyondellBasell Invests In National Petrochemical Industrial

On January 16, 2024, LyondellBasell invested in chemicals company National Petrochemical Industrial

Investment Highlights
  • This is LyondellBasell’s 9th transaction in the Chemicals sector.
  • This is LyondellBasell’s 1st transaction in Saudi Arabia.

Investment Summary

Date 2024-01-16
Target National Petrochemical Industrial
Sector Chemicals
Investor(s) LyondellBasell
Deal Type Stake Purchase

Target

National Petrochemical Industrial

Yanbu, Saudi Arabia
National Petrochemical Industrial (NATPET) is a Saudi Arabian company producing a wide range of polypropylene product mix of (Homopolymers, Random & Heterophasic Copolymers) that is suitable for a wide variety of applications. National Petrochemical Industrial was founded in 2009 and is based in Yanbu, Saudi Arabia.

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Investor(S) 1

Investor

LyondellBasell

Houston, Texas, United States

Category Company
Founded 1955
Sector Chemicals
Employees20,000
Revenue 41.1B USD (2023)
DESCRIPTION
LyondellBasell office in downtown Houston, Texas.
LyondellBasell office in downtown Houston, Texas.

LyondellBasell is a large plastics, chemicals and refining companies in the world. Driven by its 13,000 employees around the globe, LyondellBasell produces materials and products that are key to advancing solutions to modern challenges like enhancing food safety through lightweight and flexible packaging, protecting the purity of water supplies through stronger and more versatile pipes, and improving the safety, comfort and fuel efficiency of many of the cars and trucks on the road. LyondellBasell sells products into approximately 100 countries and is the world's largest licensor of polyolefin technologies. LyondellBasell Industries was founded in 1955 and is based in Houston, Texas.


DEAL STATS #
Overall 10 of 12
Sector (Chemicals) 9 of 9
Type (Stake Purchase) 1 of 1
Country (Saudi Arabia) 1 of 1
Year (2024) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-08 LyondellBasell - Ethylene Oxide & Derivatives Business

Houston, Texas, United States

LyondellBasell's Ethylene Oxide & Derivatives Business produces high-quality ethylene oxide and various derivatives. LyondellBasell's Ethylene Oxide & Derivatives Business is based in Houston, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-20 PreZero - Mechanical Recycling Assets & Plans Operations

California, United States

PreZero's Mechanical Recycling Assets & Plans Operations provides rigid plastics recycling services.

Buy -