We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
LyondellBasell's Technology Selected for China HDPE Unit
Read MoreHide Full Article
LyondellBasell (LYB - Free Report) said that Shandong Shougang Luqing Co., Ltd, has chosen its industry-leading Hostalen Advanced Cascade Process (ACP) polyethylene technology for a 350 KTA high density polyethylene (HDPE) unit to be constructed in the latter’s petrochemical complex, at Bohai Industry Park, Shouguang, Shandong Province, China.
This technology is known for increasing the flexibility and versatility in multimodal HDPE resins production compared to other HDPE technologies. These multi-modal HDPE resins have higher toughness balance and impact resistance. Also, they boast high stress cracking resistance and other processing advantages that make them valuable in film, blow molding and pipe applications.
Apart from the Hostalen ACP process, LyondellBasell’s portfolio of licensed polyolefin technologies and associated technical services includes Spheripol, Spherizone, Metocene PP, Lupotech and Spherilene.
LyondellBasell has underperformed the industry over the last six months. The company's shares have lost 3.8% during the period against the industry’s 3.1% gain.
LyondellBasell’s adjusted earnings came in at $2.82 per share for second-quarter 2017, beating the Zacks Consensus Estimate of $2.71. Revenues rose roughly 14.7% year over year to $8,403 million in the quarter but missed the Zacks Consensus Estimate of $8,670.5 million.
With no major maintenance schedule, the company expects robust performance from its global assets moving forward.
LyondellBasell is undertaking expansion projects to leverage the U.S. natural gas liquids (NGLs) advantage. LyondellBasell's ethylene expansion initiatives are likely to boost the capacity and add to its earnings. It also remains committed to boosting shareholder returns by leveraging healthy cash flows.
Chemours has an expected long-term earnings growth of 15.5%.
Kronos Worldwide has an expected long-term earnings growth of 5%.
Akzo Nobel has an expected long-term earnings growth of 11.1%.
Zacks' 10-Minute Stock-Picking Secret
Since 1988, the Zacks system has more than doubled the S&P 500 with an average gain of +25% per year. With compounding, rebalancing, and exclusive of fees, it can turn thousands into millions of dollars.
But here's something even more remarkable: You can master this proven system without going to a single class or seminar. And then you can apply it to your portfolio in as little as 10 minutes a month.
Image: Bigstock
LyondellBasell's Technology Selected for China HDPE Unit
LyondellBasell Industries NV Price and Consensus
LyondellBasell Industries NV Price and Consensus | LyondellBasell Industries NV Quote
LyondellBasell currently carries a Zacks Rank #3 (Hold).
Stocks to Consider
Some better-ranked companies in the chemical space include are The Chemours Company (CC - Free Report) , Kronos Worldwide (KRO - Free Report) and Akzo Nobel N.V. (AKZOY - Free Report) . All three stocks sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Chemours has an expected long-term earnings growth of 15.5%.
Kronos Worldwide has an expected long-term earnings growth of 5%.
Akzo Nobel has an expected long-term earnings growth of 11.1%.
Zacks' 10-Minute Stock-Picking Secret
Since 1988, the Zacks system has more than doubled the S&P 500 with an average gain of +25% per year. With compounding, rebalancing, and exclusive of fees, it can turn thousands into millions of dollars.
But here's something even more remarkable: You can master this proven system without going to a single class or seminar. And then you can apply it to your portfolio in as little as 10 minutes a month.
Learn the secret >>