Lyondell Petrochemical Co. (capital budget for 1992) (Public Companies) (Brief Article)

Lyondell Petrochemical Co. has reported that it has approved a capital budget of $115 million for 1992.

Important areas for investment include:

* Expansion of the project flexibility unit at the Channelview Petrochemical Complex. Scheduled for completion in early 1993, the project will double propylene capacity of the product flexibility unit to more than 1 billion pounds per year.

* Improvements to the Fluid Catalytic Cracking Unit at the Houston refinery, which will improve operational and environmental performance.

* Equipment modifications at the Bayport Polymers facility to improve product quality, efficiency and flexibility of the polypropylene …