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Ethane advantage lifts LyondellBasell’s first-quarter polyolefins businessEthane advantage lifts LyondellBasell’s first-quarter polyolefins business

Polyolefin giant LyondellBasell (Rotterdam, Netherlands) saw its first-quarter 2011 EBITDA shoot up 84% over the previous quarter and 119% from the year-ago quarter, citing expanded margins. The company booked net income of $660 million off sales of $12.3 billion, which were up 15% from the previous quarter.