LyondellBasell Industries NV (NYSE: LYB) is teaming up with Sasol Ltd. (NYSE: SSL) on a joint venture that will own and operate ethane and polyethylene facilities along the Louisiana coast. The Netherlands-based LyondellBasell, which has its operational headquarters and executive team in Houston, will pay South Africa-based Sasol $2 billion for a 50% stake in […]
Saudi Basic Industries Corp., more commonly called SABIC, has already started hiring for a $10 billion joint venture project set to come online in 2022. In fact, Gulf Coast Growth Ventures — the joint venture entity for the project — has already hired almost all of its permanent workforce, said Bashar Asiri, leader of SABIC’s […]
Houston-based Broad Reach Power LLC plans to move into a new office in downtown Houston. Broad Reach currently is located in temporary space in the Galleria area, but it will move to an office at Three Allen Center in the first quarter of 2021, said CEO Steve Vavrik. The company just signed the lease in […]