OREANDA-NEWS. LyondellBasell completed the sale of its wholly-owned subsidiary Petroken Petroquimica Ensenada S.A. to Grupo Inversor Petroquimica S.L. for $184mn.

Petroken operates a 180,000 t/yr polypropylene plant in Ensenada, Buenos Aires province. The plant is located next to YPF's La Plata industrial complex, including the 189,000 b/d La Plata refinery – the largest in Argentina.

YPF initially planned to buy a 50pc stake in Petroken, but that transaction fell through in December.