LYB completes divestiture of European olefins and polyolefins assets, securing financial flexibility for higher-return investments.
LyondellBasell (LYB) finalized the sale of select European olefins and polyolefins assets to AEQUITA, part of its strategic portfolio refinement. The transaction includes facilities in France, Germany, the UK, and Spain, now operating as Velogy, a standalone company.
The divestiture aligns with LYB’s focus on core businesses with durable competitive advantages and long-term returns. The company retains its Advanced Polymer Solutions business in Tarragona and remains committed to European specialty polymers and circular solutions.
Proceeds from the sale will enhance LYB’s financial flexibility, supporting disciplined capital allocation toward higher-return opportunities. AEQUITA aims to leverage the assets to build a competitive European polymers platform.