HOUSTON, July 14, 2025 (Korea Bizwire) — LyondellBasell (NYSE: LYB) today announced it has improved its climate change score from A-minus to A in CDP’s 2024 assessment, placing the company in the leadership category for the second consecutive year. CDP is the world’s leading environmental disclosure platform, used by investors and stakeholders to evaluate how [...]
ROTTERDAM, The Netherlands, June 05, 2025 (Korea Bizwire) — LyondellBasell (LYB) today announced that it has entered into an agreement and exclusive negotiations with AEQUITA for the sale of select olefins & polyolefins assets and the associated business in Europe. The sites to be sold have been part of the previously announced European strategic assessment [...]
HOUSTON, April 15, 2025 (Korea Bizwire) — LyondellBasell (NYSE: LYB), a global leader in the chemical industry, today released its 2024 Sustainability Report, demonstrating significant progress in circular and low-carbon solutions, climate action and operational excellence. “At LYB, sustainability is an opportunity to reimagine the future and create long-term value,” said Peter Vanacker, CEO of [...]
MAASSVLAKTE, Netherlands, March 18, 2025 (Korea Bizwire) – LyondellBasell (LYB) and Covestro have jointly decided to permanently close the Propylene Oxide Styrene and Monomer (POSM) production unit (PO11) at the Maasvlakte site in the Netherlands. This decision comes after thorough and careful consideration and is driven by the continued pressure on Maasvlakte’s profitability due to [...]
Award marks important milestone in feasibility study of Saudi-based world-scale steam cracker and derivatives AL KHOBAR, Kingdom of Saudi Arabia and HOUSTON, Feb. 27, 2025 (Korea Bizwire) – Sipchem and LyondellBasell (LYB) have been awarded a feedstock allocation from the Ministry of Energy of Saudi Arabia supporting a joint feasibility study for a world-scale mixed [...]
Company welcomes additional recycling technology to its portfolio Ambition to further develop solvent-based recycling technology and bring to commercial scale Company secures future of employees and fosters expertise with full integration Plant to be transformed into post-consumer plastic waste recycling ROTTERDAM, The Netherlands, Oct. 17, 2024 (Korea Bizwire) – LyondellBasell (LYB) today announced it became [...]
HOUSTON and ROTTERDAM, the Netherlands, Sept. 24, 2024 (Korea Bizwire) – LyondellBasell (LYB) today announced it signed a power purchase agreement with Eneco N.V. This agreement brings LYB’s total secured renewable electricity capacity to 100% of its renewable electricity procurement target. “Taking climate action is a key part of our strategy to create value for [...]
Catalytic pyrolysis unit in heart of Europe to bolster sustainable growth, value creation Chancellor Scholz, top elected officials attend milestone event; celebrate company commitment to Cologne region Proprietary LYB MoReTec technology enables scalable solution to recapture valuable raw materials from hard-to-recycle plastics often destined to landfill, incineration Unit’s design and process technology enable high plastic-to-plastic yield; allow [...]