October 23rd, 2015

LyondellBasell Posts Another Record Quarter

Here's info on PO:

Intermediates and Derivatives (I&D) – The primary products of this segment include propylene oxide (PO) and its co-products (styrene monomer, tertiary butyl alcohol (TBA), isobutylene and tertiary butyl hydroperoxide), and derivatives (propylene glycol, propylene glycol ethers and butanediol), acetyls (including methanol), ethanol, oxyfuels, and ethylene oxide and its derivatives.  

Three months ended September 30, 2015 versus three months ended June 30, 2015 – EBITDA increased $23 million versus the second quarter 2015, excluding a $29 million quarter to quarter variance as a result of the LCM inventory adjustments.  Propylene oxide and derivative results increased by approximately $30 million primarily due to higher margins.  Intermediate chemical results increased by approximately $30 million due to increased styrene and C4 chemical results which more than offset lower acetyls results.  Oxyfuels results decreased by approximately $30 million due to seasonally lower margins and lower sales volume.  Equity income decreased by $1 million.

Three months ended September 30, 2015 versus three months ended September 30, 2014 – EBITDA increased by $123 million versus the third quarter 2014, excluding a $46 million quarter to quarter variance as a result of the LCM inventory adjustments.  Propylene oxide and derivative results were relatively unchanged.  Intermediate chemical results improved by approximately $130 million primarily from the strength in styrene margins and improved ethylene oxide and glycol results.  Oxyfuels results were lower by approximately $10 million.  Equity income was unchanged.

http://lyondellbasell.mediaroom.com/index.php?s=43&item=1094