Although there remains cautious optimism that the German petrochemicals industry will undergo a recovery in 2013, the first quarter brought none of the anticipated growth. Q113 saw zero growth from a strong previous quarter. Production and producer prices stagnated and sales improved slightly by 1% q-o-q. Small-scale capacity is being shut down as German petrochemicals producers seek to cut costs and improve competitiveness. LyondellBasell is due to close a 100,000tpa HDPE unit in Wesseling, Germany in Q313. It is among the smallest and least efficient of the LyondellBasell HDPE units in Europe. The company has sufficient HDPE capacity to meet …
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