Chemical company adds another 13 entities to chapter 11 filing

On Friday (8 May), chemicals giant LyondellBasell Industries added 13 non-operating entities to its American operating arm, Lyondell Chemical’s chapter 11 filing. According to the press release, all added entities were US companies. The company cites administrative purposes as reason for placing the additional 13 entities under the filing.

The move follows the Luxembourg-domiciled parent company, LyondellBasell Industries, being added to the chapter 11 filing on 24 April. Filing the parent company under the US bankruptcy code was an attempt to keep pre-petition creditors of LyondellBasell’s US businesses from pursuing repayment of obligations guaranteed by the holding company.

The following entities were added to the chapter 11 filing as of 8 May:

1. Basell Capital Corporation
2. Basell Impact Holding Company
3. Equistar Bayport LLC
4. Equistar Funding Corporation
5. Equistar Polypropylene LLC
6. LPC Partners Inc
7. Lyondell Bayport LLC
8. Lyondell Chemical Holding Company
9. Lyondell Chemical Wilmington
10. Lyondell General Methanol Company
11. Lyondell Intermediate Holding Company
12. Quantum Pipeline Company
13. SCM Chemicals Inc