LyondellBasell sells select European assets to AEQUITA, refining portfolio for higher returns and growth.

LyondellBasell has completed the sale of select European olefins and polyolefins assets to AEQUITA, marking a key step in its European strategic realignment. The divestiture includes facilities in France, Germany, the UK, and Spain, while LyondellBasell retains its Advanced Polymer Solutions business in Tarragona. This move allows LyondellBasell to focus on assets with stronger long-term returns and enhance financial flexibility. AEQUITA will operate the acquired business under the new name Velogy, aiming to build a competitive European polymers platform.