The plastics industry is buzzing with news over the possible acquisition of LyondellBasell by India's Reliance. If the acquisition goes through Reliance will significantly expand its presence in the international market, not to mention give it increases access to the specialty chemicals market and polymer technology. As a polymer seller in Taiwan it seems the acquisition would probably close the last window of opportunity for selling specialty grades into India. The joining of technology and resources of Reliance and LBI would probably bring specialty PP grades such as low MFR pipe grades and high MFR meltblown grades to India much earlier than previously anticipated.
For now however, still unclear whether Reliance intends to fully integrate LyondellBasell or allow it to keep operating as an independent entity for investment purposes.