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DOWNSTREAM world-scale integrated cracker complex. automates procurement processes, enables
This transaction is a significant step for touchless invoicing and improves data
LyondellBasell and Sasol Sasol in achieving its financial and strategic accuracy; improve process efficiencies and
increase productivity, enabling more focus on
objectives toward creating Future Sasol,
complete Louisiana joint which will be a more sustainable and resilient strategic activities and the ability to scale at
lower incremental cost.
business for the long-term.
venture transaction LYONDELLBASELL AND SASOL, December 02, improve service levels and business outcomes
“This transformation allows Halliburton to
2020
LyondellBasell, one of the largest plastics, by optimising our investments across supply
chemicals and refining companies in the chain and manufacturing infrastructure,” said
world, and Sasol, a global integrated chemicals SERVICES Lawrence Pope, Halliburton executive vice
and energy company, today announced the president of administration and chief human
closing of their Louisiana-based integrated Halliburton teams with resources officer.
polyethylene joint venture (JV) transaction Accenture will leverage its SynOps
following required regulatory and shareholder Accenture to accelerate platform to accelerate Halliburton’s digital
approvals. The 50:50 JV includes a 1.5mn ton transformation across its supply chain
ethane cracker, 0.9mn ton low-density and digital supply chain and manufacturing functions. Accenture
linear-low density polyethylene plants, and will augment its unique capabilities with
associated infrastructure near Lake Charles, transformation Halliburton’s existing technologies to provide
LA, and will toll manufacture the products on teams with more advanced tools to do their
behalf of the two shareholders. Halliburton and Accenture today announced work, enhancing real-time decision-making
Under the terms of the transaction they have teamed to accelerate Halliburton’s and actionable insights across supplier
agreements, LyondellBasell will operate the digital supply chain transformation and performance, demand planning, logistics and
three assets on behalf of the JV and market support digitalisation within the company’s inventory management.
the polyethylene products on behalf of the manufacturing function. “Halliburton’s strong digital foundation
two shareholders of the JV. Approximately 400 Beginning in 2021, Halliburton will launch is critical to making its supply chain and
Sasol Lake Charles employees who directly a new global hub-and-spoke supply chain and manufacturing functions more responsive,
support the JV assets are now employees of manufacturing service model supported by resilient and able to adapt to changing market
LyondellBasell. new technologies. This new delivery platform needs,” said Manish Sharma, group chief
“The formation of this JV is part of our will apply advanced analytics and enhanced executive of Accenture Operations. “We are
approach to growing our core businesses business intelligence tools for its support proud to help Halliburton accelerate this
while positioning the company to benefit from teams to improve service levels and unlock transformational change to better position it
improving economic conditions,” said Bob operational benefits. This transformation for the future.”
Patel, CEO of LyondellBasell. “We believe our further supports Halliburton’s strategic HALLIBURTON AND ACCENTURE, December
ability to operate efficiently and serve growing priority to accelerate digital deployment and 02, 2020
markets will create exceptional long-term integration across the value chain, driving
value for our shareholders of both companies. better service for its customers and returns for Henderson implements Data
We welcome our new JV employees to the its shareholders.
LyondellBasell family.” Accenture will work with Halliburton to: Gumbo smart contracts
“This transaction accelerates the create real-time supply chain visibility and
transformation of our chemicals business actionable insights using artificial intelligence Data Gumbo, the trusted industrial
toward a focus on specialty chemicals,” said and analytics, enabling greater transparency blockchain network, today announced that
Fleetwood Grobler, Sasol president and and faster decision-making; accelerate the Henderson, a leader in the sales and services
chief executive officer. “We’re proud of the deployment of new, scalable technology that for drilling rigs and capital equipment, has
world-scale assets we’ve built in Southwest
Louisiana and look forward to working with
LyondellBasell to realise their full potential
and create value for all our stakeholders. We
also extend our best wishes and gratitude
to our colleagues who are transferring to
LyondellBasell to operate the joint venture
assets.”
The formation of this JV with Sasol aligns
with LyondellBasell’s strategy of investing in
high-quality assets in growing markets or
feedstock advantaged regions. In September
2020, LyondellBasell established a 50/50
JV with China’s Liaoning Bora Enterprise
Group to start up and operate a new, large
petrochemical complex in northeast China.
Taken together, the Bora and Sasol JVs are
equivalent to the full capacity and immediate
financial benefits of a new and operational

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