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LyondellBasell plans new $2B chemicals and plastics project along Gulf Coast

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LyondellBasell said it's planning to build a multibillion-dollar chemicals and plastics plant along the Gulf Coast, and very possibly in the Houston area, although a final decision may still be a year away.

LyondellBasell CEO Bob Patel said the project would cost more than $2 billion and use propane to make chemicals and the plastic polypropylene to serve North and South American markets.

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