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compared million our In slide review with quarter quarter, Polyolefins improved to segment XX the quarter of was $XXX increase increased turn Olefins third to XX%. results increasing EBITDA the our $XXX XXXX price million, averaging approximately Ethylene of quarter. Americas ethylene third by $XX $X.XX and operating pound. the and rates second Olefins segment the Let's second a over million results. during approximately per
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demand and abundant below new ethane the per we've of The increase the be crackers to market range. Gulf right have demand the Gulf low past $X.XX driven to the capability ethylene chart term, in from capacity. illustrates optimize supply switching gallon. crackers week, by weeks the from prices both with ethane the per Coast While pipeline escalate The seen older change. This and an This will midstream U.S. gallon per most represent volatility conditions view the fractionation by exports. to observers gallon recent on in agree is Coast $X.XX in situation. of our over constraints feedstocks $X.XX bars moderate have as ethane crackers that from caused long combined and exports to Many prices ethylene ethane constraints in
For XXXX the range the demand. of impact and years resulting and to beyond, ethane feedstock flexibility this we show
the ethylene and prices, maximize see, in balances demand can for supply demand many feedstocks can from ethane change you continue by supply, lower crackers ethane. (XX:XX:XX) will and projects blue this response in industry only switching believe prices to that feed feedstock likely period purity represented conservative considers see through flexibility of volatility. view port as is As quickly we reflected rapidly but reduced crackers increased are input utilization and our navigates line, the underway. Today, by to ethane of is fractionation We of
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seeking Our our team products. respond switch liquids can changing is to across hours profitability rebalance within olefins to through of maximize optimization feeds days We conditions. and economic feeds to crackers optimization continuously to within NGL and
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with last sales billion costs, and impacted low-cost about that by ethylene volumes through you If left higher pounds our ethylene subtract be ethane and XX pass X.X our consider U.S. of volume increase months' Coast production merchant ethane you're the annual prices. Gulf ethylene could that Midwest
change. flexibility. styrene, $X.XX For ethylene This per per is by A another delivered does a into prices This crack that take price million. conditions stabilize and . impact styrene analysis for volume, feedstock VAM of both in products not benefits the in earnings such LyondellBasell's market portfolio for account impact estimate derivative we continue this of and polyethylene do assuming the oxide, helps are assets gallon XX% diverse ethane earnings $XXX annual we ethane change polyethylene, to of resilient and and from by will we assumes pound million. to the during during businesses $X.XX not challenging ethylene third price results around about Furthermore, could this quarter and reduce produce as example increase $XXX how that
Polyolefins slide XX performance segment. Now of our Asia, please review Europe, turn and and International to the Olefins to
margins followed Olefins the primarily maintenance lower will decreased Germany, quarter, million million. impacting maintenance by in an by to price Wesseling, have income approximately expected Polyolefin on cracker is XXXX. the third September approximately and approximately resulted $XXX were our that five $XX a EBITDA for the rate years profitability $X.XX in the improvement five much During average increase approximately level our seasonal reaching pound from generating demand profitability segment, for quarter the industry investment compared chart results margins typical O&P years the impact than annual quarter European in for an segment chain historical also fourth following margins the quarter in third in we third Joint and results of Volume the venture our margins APS the in was of million, slight that in in moved higher which $XXX higher result Annualizing increases million. results lower EAI to the This Olefin XXXX. similar than ago. a costs outpaced polyolefin third declined is O&P decreased million. million businesses the to what XXXX. olefin during by per prices. is a Combined polypropylene adjusting average increases at planned After in to seen than QX. XXXX realized produces decreased left than full have quarter approximately in third declined the margins quarter XXXX. million. completed to per also polyethylene the feedstock were $XX indicates due propylene. polypropylene has began new the now quarter $X.XX year second EBITDA in be The polypropylene equity increased from XXXX EAI quarter in $XX European Minimal quarter. $XX million region at third in as $XX $XX more in the declines that pound, of declined, ago
polypropylene Our improved this an improvements sustainable of market producing the for earnings are restructuring the segment years for efforts and early LyondellBasell. for in decade
also during ample continue with seasonal levels During demand demand. for polymers remained and take the quarter and On to Rhine petrochemical XX, water sluggish could in typically fourth Market to trends conditions. are look pressured October, at on transportation counter and let's expected a production our supply. European with segment. Low and the causing markets is that pressure growth slide market Intermediates these disruptions tighter Germany lead lower Derivatives for
Third quarter million, quarter. million from a reduction was $XXX prior the of EBITDA $XXX
red indicates While are on arrows recall record-setting high clearly we decline, quarter. number a that in the following upper second might chart of right the the you a
margins. due expected Bayport, products We a be to fell experienced drove Planned oxyfuels markets. $XX quarter results and $XX primarily in seasonal million. approximately Lower quarter, unplanned planned continue a pound due related declined a seasonal compared to This maintenance results one decline approximately of quarter downtime, oxide very approximately of the Intermediate styrene to to quarter and and $XX segment. November million. to million. results in million Texas and $X.XX also by performance decline approximately in maintenance second completed with we $XX derivatives our propylene will plants million. the decrease results were in by the be pleased impact in third of lower impacted business and PO Volumes margins in the third fourth and on chemicals is by margins per $XX
gasoline and Margins and maintenance styrene following methanol industry returns capacity methanol are as also declined expected fully styrene enters capacity moderate margins October, During new oxyfuels market for the downtime. with demand. weaker to
review Turning of our XX, Solutions to results the let's slide Advanced Polymer segment.
of costs polypropylene mentioned, of lines drivers new point and Thus, I are to for million XX, second quarter business the the are during of Catalloy, acquisition quarter $XX decreased the the second $XX As new and to third the product seasonal from EBITDA approximately and Transaction the and acquisition the lines integration Results quarter. margin included offset legacy results from addition polypropylene lines product were we and The of XXXX. related by product declines quarter. & on Schulman both comparisons for compared polymers forward. were of Solutions A. underlying that versus compounds. LyondellBasell compounds, second advanced the completed the relatively unchanged from million the to related volume August polybutene-X. Compounding acquisition for
integration integration approximately is to well. assigned of Of the A. XX% and during costs the the Our the Schulman very to XX% of million related the were transaction. segment to going $XX quarter,
third we reducing As to at capture an annual cost rate redundancies of have the the end on synergies focused of $XX quarter, of million.
reach on and lower of markets of are in good segment. attractive well one synergies cost-based in growing on The track Solutions the chart We right provides $XXX years. two Polymer the target a of Advanced to found million our our within example
this calls. advantage Solutions roofing and commercial on We The solution solutions Catalloy savings packaging, growth recent in to an we construction their driving in to a new in in used sharing see becoming such by commercial efficiency. X% have have per future and an LyondellBasell's the sales properties propylene-based membranes of line cost earlier, white for that at unique segment industry X% roofing roofing for polymers of durability, years. polymers year look membranes over applications, due Advanced of our Polyolefin more are is in rate provides products slide be differentiated annual that the X. mentioned and customer compounding for are and and examples can photograph growing forward a materials Polymer and desirable Catalloy I roofing the our market energy outpaced or of the commercial volumes As as grown that preferred
move XX let's Now slide of a our to segment. discussion for Refining
second Third results is quarter throughput impact $XX XXX,XXX will in that the in Crude refinery planned million November fourth at from September per completed beginning This decline and approximately be EBITDA to a was impacted barrels with EBITDA $XX the maintenance $XX by $XX quarter million. day maintenance expected quarter. million, million. averaged
when the the X-X-X second While improvements price. more decreased the by prices quarter, crack crude margin refinery driven our Maya barrel Maya spread relative compared by oil than Canadian to favorable per from to benefited $X
acquisition gasoline slide drivers October, a we growth Margins our of no the season XX, During during crack by longer are expanding These lengthened fuel declining the the reach are attractive summer the over our growing could execution like The next advance X-X-X will and to completion and planned Schulman XX driving distant with maintenance the driven vertical LyondellBasell's spread opportunities months. review and are continued would during the continue safe markets. ends. moderating at A. promises. to the into that These Maya our as integration on I focused improving quarter earnings the refinery. third coming On that inventories we is of months.
polyethylene The of improve XXXX capacity in favorable startup is demand rapidly integration our high-density Hyperzone of capturing margins. rising synergies. Our and markets and will polyethylene integrated management for our driving integration chain capture office the to meet
favorable which Derivatives market driven and conditions. team structural diligently Intermediates have their to from Our within continues benefit business improvements
refinery marine new at forward, reliable going benefit from of quarters margins. regulations is Our next our team of the with delivered for refinery six fuels the positioned improved well consecutive operations latter Houston during has half highly year. And to
highlights. quarter's slide to me XX, this let Turning summarize
year-over-year our third rising for our in quarter, O&P four challenges overcame EBITDA increased year-to-date improvements business the costs, industry segment. capacity feedstock Americas profitability of the We quarter segments. During new our and company and third delivered of
our and $XXX share from top-quartile cash the completing paying to increased Over A. the over months, in Schulman. dividend, company past capital completing XX million that a billion acquisition repurchases, our operating contributed $X.X of for investment, activities funding approximately of generated
plastics will synergies segment. largest new business. world's the built significant have compounding this We're progressing on integration capture in We that
we're We have PO/TBA polyethylene continuing advanced on opportunity. evaluate Braskem and and to the the construction capacity, of our new
Our of this in confidence our resilient, provides global and in environment. advantaged remain ability flexible portfolio businesses to
look us this that your and will timely Going to advantage capture With allow pleased XXXX fourth forward, we're forward to we to during and completion maintenance of safe questions. the planned our that said, now take quarter beyond.
