WASHINGTON (dpa-AFX) - LyondellBasell Industries N.V. (LYB) Thursday
announced the closing of its acquisition of 35 percent interest in Saudi
Arabia-based National Petrochemical Industrial Co. or NATPET from Alujain Corp.

The investment is expected to upgrade LYB's core businesses and strengthen its
presence in Saudi Arabia through a new long-term partnership.

The joint venture is enabled by LYB Spheripol polypropylene technology and
positions LYB to profitably expand its core PP business by gaining access to
advantaged feedstocks and additional product marketing volumes.

National Petrochemical currently has approximately 400,000 tons of annual
polypropylene production capacity. LYB will market the majority of the volume of
the joint venture's production through its global network.



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