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Lyondell Chemical Company
LyondellBasell Industries N.V. is a multinational chemical company incorporated in the Netherlands with U.S. operations headquartered in Houston, Texas, and offices in London, UK. The company is the largest licensor of polyethylene and polypropylene technologies. It also produces ethylene, propylene, polyolefins, and oxyfuels. LyondellBasell was formed in December 2007 by the acquisition of Lyondell Chemical Company by Basell Polyolefins for $12.7 billion. As of 2016, Lyondell was the third largest independent chemical manufacturer in the United States. History Early history Since its establishment in 1985 from facilities belonging to the Atlantic Richfield Company (ARCO), the company grew through stock swaps with Occidental Chemicals and Millennium Chemicals in 1997 which formed Equistar Chemicals of which each entity were partners. Lyondell purchased the outstanding shares from each of its partners to gain total control of Equistar which is a wholly owned subsidiary of Lyo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Polypropylene
Polypropylene (PP), also known as polypropene, is a thermoplastic polymer used in a wide variety of applications. It is produced via chain-growth polymerization from the monomer propylene. Polypropylene belongs to the group of polyolefins and is partially crystalline and non-polar. Its properties are similar to polyethylene, but it is slightly harder and more heat-resistant. It is a white, mechanically rugged material and has a high chemical resistance. Bio-PP is the bio-based counterpart of polypropylene (PP). Polypropylene is the second-most widely produced commodity plastic (after polyethylene). In 2019, the global market for polypropylene was worth $126.03 billion. Revenues are expected to exceed US$145 billion by 2019. The sales of this material are forecast to grow at a rate of 5.8% per year until 2021. History Phillips Petroleum chemists J. Paul Hogan and Robert Banks first demonstrated the polymerization of propylene in 1951. The stereoselective polymerization t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Houston Center
Houston Center is a retail and office complex in Downtown Houston, Texas, United States. It is owned by Brookfield Property Partners and Spear Street Capital, LLC, and operated separately by Jones Lang LaSalle (JLL) and Brookfield Property Management. The three towers in Houston Center have almost of Class A office space.Dawson, Jennifer.Crescent trophies on sales block" ''Houston Business Journal''. Friday May 21, 2004. Retrieved on May 10, 2009. The buildings in Houston Center include: * LyondellBasell Tower (formerly 1 Houston Center) * 2 Houston Center * Fulbright Tower (formerly 3 Houston Center) * 4 Houston Center * 5 Houston Center (individually owned) * The Shops in Houston Center (formerly The Park Shops) ** The Shops, built in 1982, is an enclosed shopping mall. * Four Seasons Hotel Houston History Texas Eastern Corporation bought 32 blocks of land in Downtown Houston for $50 million. Texas Eastern razed the existing buildings and proposed building Houston Center, a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New York Stock Exchange
The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District of Lower Manhattan in New York City. It is by far the world's largest stock exchange by market capitalization of its listed companies at US$30.1 trillion as of February 2018. The average daily trading value was approximately 169 billion in 2013. The NYSE trading floor is at the New York Stock Exchange Building on 11 Wall Street and 18 Broad Street and is a National Historic Landmark. An additional trading room, at 30 Broad Street, was closed in February 2007. The NYSE is owned by Intercontinental Exchange, an American holding company that it also lists (). Previously, it was part of NYSE Euronext (NYX), which was formed by the NYSE's 2007 merger with Euronext. History The earliest recorded organization of securities trading in New York among brokers directly dealing with each other can be traced to the Buttonwood Agreement. Previously, securiti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chapter 11, Title 11, United States Code
Chapter 11 of the United States Bankruptcy Code (Title 11 of the United States Code) permits reorganization under the bankruptcy laws of the United States. Such reorganization, known as Chapter 11 bankruptcy, is available to every business, whether organized as a corporation, partnership or sole proprietorship, and to individuals, although it is most prominently used by corporate entities. In contrast, Chapter 7 governs the process of a liquidation bankruptcy, though liquidation may also occur under Chapter 11; while Chapter 13 provides a reorganization process for the majority of private individuals. Chapter 11 overview When a business is unable to service its debt or pay its creditors, the business or its creditors can file with a federal bankruptcy court for protection under either Chapter 7 or Chapter 11. In Chapter 7, the business ceases operations, a trustee sells all of its assets, and then distributes the proceeds to its creditors. Any residual amount is returned to the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Oil Refinery In Houston 2018a
An oil is any nonpolar chemical substance that is composed primarily of hydrocarbons and is hydrophobic (does not mix with water) & lipophilic (mixes with other oils). Oils are usually flammable and surface active. Most oils are unsaturated lipids that are liquid at room temperature. The general definition of oil includes classes of chemical compounds that may be otherwise unrelated in structure, properties, and uses. Oils may be animal, vegetable, or petrochemical in origin, and may be volatile or non-volatile. They are used for food (e.g., olive oil), fuel (e.g., heating oil), medical purposes (e.g., mineral oil), lubrication (e.g. motor oil), and the manufacture of many types of paints, plastics, and other materials. Specially prepared oils are used in some religious ceremonies and rituals as purifying agents. Etymology First attested in English 1176, the word ''oil'' comes from Old French ''oile'', from Latin ''oleum'', which in turn comes from the Greek (''elaio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Access Industries
Access Industries, Inc. is an American privately held multinational industrial group. It was founded in 1986 by businessman Leonard "Len" Blavatnik, who is also its chairman. Access's industrial focus is in four areas: natural resources and chemicals, media and telecommunications, venture capital and real estate. The group invests in the United States, Europe, Israel, and Latin America. It is headquartered in New York, with additional offices in London and Moscow. History Len Blavatnik founded Access Industries in 1986 as an investment company. He attended Harvard Business School while running the company on the side, graduating with an MBA in 1989. Among its early investments, Access Industries helped form the large aluminum producer SUAL in 1996, which later became part of UC RUSAL. In 1997, Access acquired a 40% stake in the Russian oil company TNK. Half of TNK was sold to British Petroleum (BP) to form TNK-BP in 2003, in what was the largest-ever foreign investment in a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Houston Refining
Houston Refining, formerly known as Lyondell-Citgo Refining (or LCR), is a (July, 2007) refinery located on the Texas Gulf Coast in Houston, covering nearly along the Houston Ship Channel. History The origins of Houston Refining date to 1918 when Harry Sinclair (Sinclair Oil) began building a battery still on the site. As the refinery grew, additional processing units were built to produce lubricants and aromatic chemicals, and with the addition of the fluid catalytic cracker in 1952 and the 736 coker in 1968 the refinery emerged as one of the earliest full-conversion refineries on the Texas Gulf Coast. In 1969 Sinclair Oil was acquired by Atlantic Richfield (Arco). Although Arco was primarily an oil company, the company realized the potential synergies between the Houston refinery and a chemicals complex it owned in nearby Channelview, Texas. To take advantage of this, Arco invested in a major expansion of the refinery that was completed in 1976 and that enabled it to process h ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Millennium Chemicals
Millennium Inorganic Chemicals is a Hunt Valley, Maryland based chemical company. The business was established in 1985. It was a subsidiary of United Kingdom, British conglomerate Hanson plc at one time, but was demerged on 1 October 1996, when it became an independent listed company. It was taken over by Cristal Global, Cristal Chemical Company in 2007, but continues to exist as a wholly owned subsidiary and trading name of Cristal. Millennium Inorganic Chemicals (MIC) is the world’s second-largest producer of titanium dioxide and a leading producer of titanium chemicals. Cristal and MIC operate eight manufacturing plants in six countries and employ more than 3,500 people worldwide. Manufacturing sites are in Baltimore, Maryland; Ashtabula, Ohio; Salvador, Brazil; Stallingborough, United Kingdom; Thann, Haut-Rhin, Thann, France; Yanbu, Saudi Arabia; and Australind, Australia. External linksOfficial site http://www.cristalglobal.com Chemical companies of the United State ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Occidental Petroleum
Occidental Petroleum Corporation (often abbreviated Oxy in reference to its ticker symbol and logo) is an American company engaged in hydrocarbon exploration in the United States, and the Middle East as well as petrochemical manufacturing in the United States, Canada, and Chile. It is organized in Delaware and headquartered in Houston. The company ranked 183rd on the 2021 Fortune 500 based on its 2020 revenues and 670th on the 2021 Forbes Global 2000. History *1920: Occidental Petroleum was founded in California. *1957: Armand Hammer was elected president and chief executive officer of the company after he acquired a controlling stake in the firm for tax reasons. *1961: The company discovered the Lathrop Gas Field in Lathrop, California. *1960s: The company expanded internationally with operations in Peru, Venezuela, Bolivia, Trinidad, and the United Kingdom. *1965: Occidental won exploration rights in Libya and operated there until all activities were suspended in 1986 after th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
ARCO
ARCO ( ) is a brand of gasoline stations currently owned by Marathon Petroleum after BP sold its rights. BP commercializes the brand in Northern California, Oregon and Washington, while Marathon has rights for the rest of the United States and in Mexico. ARCO had been established in 1966 as the "Atlantic Richfield Company", an independent oil and gas company formed after the merger of Atlantic Petroleum and the Richfield Oil Corporation. History From 1966 to 2000, the 'Atlantic Richfield Company', doing business as ARCO, was an independent American oil company with operations in the United States, Indonesia, the North Sea, the South China Sea, and Mexico. After its acquisition of Anaconda Copper Mining Company in 1977, ARCO had owned hard rock mines in several western states, which has created environmental clean-up liabilities to the company to this day even after the mines were closed in the early 1980s. In 2000, BP acquired ARCO for $26.8 billion. ARCO's retail and mark ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Largest Chemical Producers
''Chemical & Engineering News'' publishes an annual list of the world's largest chemical producers by sales, excluding formulated products such as pharmaceutical drugs and coatings. In 2018, sales of the top fifty companies amounted to , an increase of 11.8% compared to the top fifty producers of 2017. The American Chemistry Council estimated that global chemical sales in 2014 rose by 3.7% to . In 2018, DowDuPont, the result of the 2017 merger between Dow Chemical and DuPont, became the world's top chemical producer ending BASF’s 12-year reign as the largest chemical company in the world. However, in April 2019, DowDuPont then split into three separate firms—Dow, DuPont, and Corteva Agriscience. In 2018, more than half of the companies on the list were headquartered in the United States (10), Japan (8) or Germany (5); 18 countries in total were represented. In 2018, Forty-eight of the companies on the list disclosed chemical profits, which totaled , an increase of 1.3% from 2 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
