LyondellBasell Industries AF S.C.A. announced plans to open a new polypropelyne (PP) compounding facility in Altamira (Tamaulipas), Mexico, according to a report in The Earth Times today.  LyondellBasell is one of the leading global producers of PP compounded products and supplies for the automotive, appliance, electrical and electronics industries. The Altamira plant will supply PP to automotive and appliance manufacturing plants near Altamira.

LyondellBasell is headquarted in The Netherlands and is privately held by Access Industries, a conglomerate with holdings in the natural resources, chemicals, media and telecommunications, and real estate sectors.  Access Industries was founded by Len Blavatnik, a Russian-born Jewish-American industrialist, who is currently its Chairman and President.