LyondellBasell completes sale of European olefins and polyolefins assets to AEQUITA
Last update on May 7, 2026
LyondellBasell has completed the sale of selected European olefins and polyolefins assets, along with associated business and corporate functions, to AEQUITA.
The transaction is part of LyondellBasell’s broader strategic assessment of its European operations and follows the completion of employee information and consultation processes, as well as customary regulatory and closing conditions.
Following this closing, the divested business will be named and operated as Velogy.
LYB retains Specialty Polymers and Circular Solutions activities in Europe
For formulators working with these product lines, the operational transition is now underway. The sites concerned are Berre, Münchsmünster, Carrington, and Tarragona, have transferred to Velogy as a standalone business under AEQUITA ownership.
“This transaction represents a pivotal achievement in our transformation,” said Peter Vanacker, chief executive officer of LyondellBasell. “By finalizing this sale, we have refined our portfolio and enhanced our capacity to allocate capital toward high-return opportunities that contribute to long-term value creation.”
Vanacker added, “Europe remains an integral market for LYB; we will continue to invest where value creation is strong, reinforcing our leadership in specialty polymers, building a profitable Circular & Low Carbon Solutions business, and advancing our leadership in technology and innovation. We extend our gratitude to our colleagues, transferring as part of this transaction for their contributions, professionalism, and resilience throughout the process. As they transition to a standalone business under AEQUITA ownership, we wish them and the new company success in the next chapter ahead.”
“This closing marks an important step in building a scaled and competitive European polymers platform, a sector where we see strong fundamentals and attractive long-term value creation potential,” said Dr.-Ing. Axel Geuer, AEQUITA-founder and chairman. “We thank LyondellBasell for the constructive collaboration throughout the process and are excited to begin the next step of partnering with Velogy’s employees to reinforce and further enhance the Company’s leading services to customers and suppliers.”
If you are evaluating polymer grades or tracking supplier portfolio changes relevant to your formulation projects, you can review the full LyondellBasell product range and check available grades directly in the Master Catalog of Additives.