Lyondell Chemical Company Announces Price Increase on Tertiary Butyl Alcohol (Tebol99) – Effective January 1, 2025
Starting January 1, 2025, Lyondell Chemical Company will implement a price increase on Tertiary Butyl Alcohol (Tebol99), with a $0.10/lb increase. This price adjustment comes as part of the company’s ongoing efforts to maintain supply chain efficiency and manage increased production costs.Key Product AffectedTertiary Butyl Alcohol (Tebol99)The Tertiary Butyl Alcohol (Tebol99) price increase will specifically affect:Tertiary Butyl Alcohol (Tebol99): An increase of $0.10/lb.This price change could have a significant impact on businesses that rely on Tebol99 for various industrial applications, including solvents, fuel additives, and chemical formulations.What Does This Mean for Your Business?For companies using Tebol99 in their production processes, the Lyondell Chemical price increase on Tebol99 will likely lead to higher costs for raw materials. Industries such as chemicals manufacturing, automotive, and pharmaceuticals may experience an increase in their production expenses. Businesses should assess their procurement strategies to minimize cost impact and ensure continued supply.Additionally, Lyondell Chemical Company’s acceptance of orders placed before the increase date will be contingent on the company’s ability to supply, including third-party carrier availability and logistical infrastructure limitations.Stay Informed with GreenChemFor more detailed information on LyondellBasell’s price increase and to read the official announcement, click here. Additionally, join our WhatsApp Channel, Chemical Distribution Hub, to receive timely updates directly on your phone. Follow this link to join now and stay ahead of crucial industry news. Also, make sure to consistently visit our Industry News Section on our website to keep up with the latest trends and developments within the chemical industry.