LyondellBasell Q3 Intermediates Results

Intermediates and Derivatives (I&D) – Our I&D segment produces and markets propylene oxide (PO) and its derivatives, oxyfuels and related products and intermediate chemicals, such as styrene monomer, acetyls, ethylene oxide and ethylene glycol.

Three months ended September 30, 2017 versus three months ended June 30, 2017 – EBITDA increased $63 million versus the second quarter 2017.  PO and derivatives results increased approximately $25 million.  Volumes improved resulting from the completion of planned maintenance at our plant in Botlek, The Netherlands in the second quarter which were partially offset by production losses in the third quarter due to Hurricane Harvey.  Intermediate chemicals results increased approximately $15 million, primarily due to a 2 cent per pound improvement in styrene margins.  Volumes declined for most intermediate chemicals except for an increase in methanol volumes due to the completion of second quarter planned maintenance.  Oxyfuels and related products results increased by approximately $25 million primarily due to increased volumes from the completion of planned maintenance at Botlek.  Joint venture equity income increased by $4 million.

Three months ended September 30, 2017 versus three months ended September 30, 2016 – EBITDA increased $98 million versus the third quarter 2016.  PO and derivatives results increased by approximately $35 million as both margins and volumes improved.  Intermediate chemicals results increased by approximately $85 million primarily due to margin improvements in styrene, methanol and ethylene glycol which more than offset volume declines related to Hurricane Harvey.  Oxyfuels and related products results declined by approximately $20 million primarily due to hurricane related production losses.  Joint venture equity income was relatively unchanged.

https://www.prnewswire.com/news-releases/lyondellbasell-reports-third-quarter-2017-earnings-300544726.html