you, Michael. Thank
Let's - segment. begin of the performance on discussions the the with Slide segment and Olefins Polyolefins Americas XX
following quarter, with XX% XX% quarter-on-quarter EBITDA margins polyethylene supported gas up million, was costs, During natural increase. $XXX polyethylene and low year-on-year. higher by the successful coupled O&P-Americas price the Integrated July ethane and were prices third
quarter, During rates July. experienced which cost cracker ran XX% the increased LYB's downtime, U.S. the which lower and industry impacts crackers supply olefins at ethane the of during led ethylene in Hurricane includes Beryl to margins. supporting tighter quarter, the
capture offset profitability allowed our with ethylene merchant We sales for us margins. operational favorable opportunity Our strong $XX sales ethylene the from exceeded Hurricane from second integrated reached quarter quarter performance XXXX. of by impact estimated XX% last million polyethylene merchant since Beryl. estimate additional EBITDA to profitability year's the and The of and segment's benefited third our results alone levels the margins approximately that not seen
for respectively. Industry sale year-to-date of peers, American export industry sold business market polyethylene with share demand polyolefins X% volumes polyethylene a and polyethylene to domestic industry XX% are of of American U.S. holds with September year-to-date up markets. exports September LyondellBasell's LYB North in year-to-date, exported. polypropylene than volumes X%, September XX% our local stronger only XXXX, volumes with sales polyethylene XX% and continues up exceed North
material any port such, during As experience we disruptions the not brief did strike.
of quarter, and demand to price fourth we typical the In constrain initiatives. anticipate desire seasonal minimize increase softer could year-end inventories trends the customers'
sequentially, other producers addition, ratio higher customer to production producer built relative continues in a October Despite far week, so American North polyethylene are strongest as ethane margins. we've integrated pressure are gas in prices orders our natural In volatile seen likely and of the this Nonetheless, XXXX. oil the North positioned well strong for the in world. oil-to-gas to North an oil-based relationships over parts favorable as remains America advantage to LYB with American provide leading of decades. prices,
and focused soft on export operating by the rates demands, aligning polypropylene durable targeting across quarter, segment, given XX% rates serve fourth remain During lower the market cracker markets. demand the for with goods to domestic we utilization our utilization offset higher will ongoing
the Olefins indications our led Slide remainder demand recovery Segment the markets segment. to began million. Europe. served $XX no XX Please planned improved the in declined Europe, of segment for of stable and integrated margin. remains feedstock we a O&P-EAI third Asia turn we sequentially at - review of our International this fixed and our largest by to generated results macroeconomic higher the with segment Volumes a in as as EBITDA EBITDA likely lower polyethylene Polyolefins costs cracker year. of as turnaround The and quarter, In
rationalizations evaluations increased peers. European are the market, across we In seeing and of our talk strategic capacity
we the demand in for and pressure seasonal inventories also softening drive olefins U.S., will of year-end European for polyolefins. As minimizing The expect markets.
Germany at are yet continue fourth the are in initiatives improved resulting China, encouraged where the will maintenance quarter. large into the to Operationally, Wesseling planned have recent we initiatives, in see demand. market In cracker but we by our stimulus
As a during approximately seasonal planned the softer rates operating of quarter. demand, result fourth and targeting we this are of XX% maintenance
O&P-EAI progress strategic to continue segment. on We in make objectives our
Our European underway. review is
of part technology profitable a building In of integrate low-density business. starting our APK recycle construction polyethylene solvent-based APK's CLCS we October, September, allowing unique addition the in of ownership also for as in portfolio to acquired full our us comprehensive MoReTec-X to
demand and Slide compressed the to industry Refining declined both million. turn the let's EBITDA In Now of an operating gasoline third and the lackluster rates high in review of resulted distillate loss results for XX quarter, and quarter. fuels segment. spreads the margins $XX during Crack and
the margin operate Our at program spreads term, approximately further as XX% hedging the In on margin we first of offset some move operations shutting intend during continue refinery of We capacity reliable and to to year. the safe We the declines. quarter as we in the fall. the remain expect fourth distillate quarter. down focused Maya crack forward the of X-X-X compression near
is the growth Peter in refinery making of strategic outlined progress to good team evaluating transform our support our As projects in earlier, strategy. site
we to kept shut this transformation. of when XXXX our people carefully top down of mind We intention levels. refinery, announced throughout the we Since have managed staffing the impacts our have also
to as with stage LYB. company, possible. as Nonetheless, As and as many our and possible following leaving decreased all of affected support for our some people and up our applicable intend we best shutdown, retrain staffing employees employees next their we will the with comply the requirements end careers will redeploy laws
and that XX outline from on turn exit. refining operational let's details Now to more and the Slide impacts financial
and shutdown Following these Then season, down orderly the begin to during to and coker other crude ancillary and January crude designed earnings train plan ensure begin flow. coker of we shutdown is first second of in of holiday February, a the the the shutting expect XXXX. and to complex impacts and staged shutdown responsible both the operations. safe, This The refinery train, units. approach cash we FCC,
to the income related been we since have our costs accruing intentions in XXXX. our statement announced on April shutdown We
we the to shutdown begins this XXXX, cash once begin the slide. impacts will on However, realize depicted in
release to than offsets cost more expect capital we shutting XXXX, that cash the During refinery. the of working down
of benefit cash price per assuming net a XXXX, expect Brent We during $XXX crude barrel. $XX million of approximately a
are costs while We selected related a discontinued the the than expected as will expect for Refining to reported ongoing estimated $XX the infrastructure. the segment of keeping from capability discontinued maintaining These to operational costs Refining first site former be be safe operations segment million the the XXXX. assets and operations, quarter year. are Within less for
will I the call that, Aaron. With over to turn
