1st quarter #LYBResults: “The LYB team continued to execute well during the first quarter. We continue to take sensible measures to strengthen our near-term cash generation while remaining committed to delivering on our three-pillar strategy through this prolonged industry downturn. Our financial and operational discipline enables us to effectively navigate macroeconomic challenges, achieve sustainable growth and provide a strong and reliable dividend throughout the cycle,” - CEO Peter Vanacker. Read our 1Q 2025 earnings release: https://lnkd.in/dBSxre6s
About us
We are LyondellBasell (NYSE: LYB) – a leader in the global chemical industry creating solutions for everyday sustainable living. Through advanced technology and focused investments, we are enabling a circular and low carbon economy. Across all we do, we aim to unlock value for our customers, investors and society. As one of the world's largest producers of polymers and a leader in polyolefin technologies, we develop, manufacture and market high-quality and innovative products for applications ranging from sustainable transportation and food safety to clean water and quality healthcare. For more information, please visit www.lyondellbasell.com.
- Website
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http://www.lyondellbasell.com
External link for LyondellBasell
- Industry
- Chemical Manufacturing
- Company size
- 10,001+ employees
- Headquarters
- Houston, TX
- Type
- Public Company
- Founded
- 2007
- Specialties
- Petrochemicals (Intermediates & Derivatives), Olefins and Polyolefins, Refining, Licensed Technologies, chemicals, fuels, and plastics
Locations
Employees at LyondellBasell
Updates
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This Earth Day, we’re proud to spotlight our collaboration with Samsonite and the launch of the limited ESSENS™ and PROXIS™ Circular collections. After a long-term collaboration utilizing the LYB mechanically recycled CirculenRecover materials for the ESSENS™ Circular collection, we are proud that Samsonite is also introducing our CirculenRenew bio-circular solutions in the PROXIS™ Circular collection. On Earth Day, and every day, we’re committed to helping close the loop and build a more sustainable future. Read more about our collaboration with Samsonite: https://lnkd.in/g3y7gnJ2 #LYB #Samsonite #EarthDay2025 #CircularEconomy #Innovation
🌍 This Earth Day, Samsonite is taking sustainability further than ever before. We're proud to unveil two new circular luggage collections ESSENS™ Circular and PROXIS™ Circular each featuring our first-ever Digital Product Passports. Built with purpose. Designed for transparency. Innovate to move the world. ESSENS™ Circular: Crafted from pre-loved suitcases and recycled materials, this collection brings waste back to life, thanks to a collaborative take-back program and a partnership with AAROVA to support social impact. More info in the video below. PROXIS™ Circular: Our first suitcase using bio-circular materials, turning used cooking oil into ultra-strong ROXKIN™ shells, powered by the ISCC - International Sustainability and Carbon Certification mass balance approach in collaboration with LyondellBasell. - Every suitcase in these collections comes with a Digital Product Passport powered by Circularise, giving you access to the product’s lifecycle story from materials origin to repairability and compliance - Innovation and impact go hand in hand. These collections mark a new milestone in our sustainability journey, aligning with our global strategy: Our Responsible Journey - Built to last. Made for change. - Explore more: https://lnkd.in/euzZ-pr7 #Samsonite #Sustainability #CircularDesign #DigitalProductPassport #EarthDay2025 #InnovationForGood #OurResponsibleJourney #RecycledMaterials #BioCircular #LuggageReimagined
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We’re celebrating this Earth Day by looking back at the excellent turnout of our LYB employee volunteers at the 31st Annual River, Lakes, Bays ‘N Bayous Trash Bash at Armand Bayou. At LYB, we are committed to advancing our planet and actively support initiatives to preserve and restore the environment for generations to come as part of our corporate citizenship program, Advancing Good. Check out our recap video to see the highlights and the positive change we made together. Thank you for making a difference, #TeamLYB! #LYBProud #LYBAdvancingGood #LYBGivesBack #EarthDay
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This week, we recognize and honor National Infertility Awareness Week. LYB is proud to partner with Progyny, Inc. to provide a comprehensive fertility and family building benefit that supports our employees and their dreams of growing a family. #NIAW2025 #FamilyBuildingBenefits #FertilityBenefits
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We’re investing in the future workforce and supporting students like Ashley, a dedicated single mom of three. A conversation with an LYB employee sparked a life-changing opportunity, and today, she’s building a promising future through the LYB LyondellBasell Center for Petrochemical, Energy, & Technology at San Jacinto College. As part of our global corporate citizenship program, Advancing Good, LYB is working to expand STEM access and inspire future leaders in the chemical industry. Watch Ashley’s inspiring story and see how we are helping to fuel careers, strengthen communities and drive real impact. #LYBGivesBack #STEMEducation #AdvancingGood #LYB #SR2024
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We are excited to announce that we have received a supplier recognition award from Toyota Motor Europe! At the Toyota Motor Europe Annual Business Meeting, we were acknowledged for our work in material development and collaborative approach during challenging market conditions. "We are truly honored to receive this recognition from Toyota Motor Europe," said Frank Noeltgen, vice president of Advanced Polymer Solutions Europe at LYB. "Our success comes from listening carefully to customer needs and working diligently to provide material solutions that address both current requirements and future ambitions." Read more here: http://spr.ly/60452Hzwx #LYB #Innovation #Toyota
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2024 was a year of transformation at LYB. We took bold steps to turn sustainability from vision to value. ◾ Expanding circularity: Increased recycled and renewable-based polymer production and marketing by 65%, reaching over 200,000 metric tons and making good progress toward our 2030 goal of 2 million metric tons. ◾Scaling chemical recycling: Laid the foundation for MoReTec-1, our first commercial-scale chemical recycling unit using our proprietary technology, designed to process hard-to-recycle plastics with planned start up in 2026. ◾Helping drive renewable energy growth: Secured power purchase agreements that will enable us to reach 50% renewable electricity by 2030, reducing emissions and helping support the transition to a low-carbon future. ◾Championing safety & culture: Out of our manufacturing sites, 70 achieved GoalZERO, 72 were injury free and the company achieved its second lowest-ever total recordable incident rate (0.127). ◾Enhancing value creation: Through our Value Enhancement Program (VEP), we completed projects resulting in estimated annual carbon emissions reduction of 310,000 metric tons. While we’re proud of our progress, we know there’s more work to do and challenges ahead: ◾Circularity: Meeting the growing demand for recycled and renewable-based polymers will require investments in infrastructure and partnerships to ensure availability of high-quality recycled feedstock. ◾Climate: We are continuing to focus on our four key reduction levers for reducing greenhouse gas emissions across our global operations: energy efficiency, hydrogen, carbon capture and electrification/renewable energy. ◾Regulatory complexity: As global policies on plastic waste, circularity and emissions reduction continue to evolve, industry must collaborate with policymakers to drive sustainable outcomes. Read more in our 2024 Sustainability Report about how we are innovating, collaborating and turning sustainability from vision into lasting value: http://spr.ly/604628Ut0 #Sustainability #CircularEconomy #NetZero #LYB #SR2024
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We are pleased to share our 2024 annual report and proxy statement. Last year, LYB demonstrated resilience and transformation, paving the way for long-term success and reinforcing our commitment to delivering shareholder value. Read about how our work in 2024 strengthened our ability to pursue lasting growth and value creation in our CEO’s letter to investors: https://lnkd.in/g6g8tUhy #LYB #Leadership
At LYB, we sharpened our focus on creating lasting value in 2024. We continued to evolve our portfolio in line with our strategic direction while successfully navigating challenging market conditions. I am very proud of our global teams and all they’ve accomplished. Building on last year’s achievements, we aim to unlock additional value in 2025 by executing our strategy and strengthening our core businesses, positioning LYB to deliver on our strategic objectives and reward shareholders. I invite you to read my letter to investors in our 2024 annual report and proxy statement to learn more about the highlights of our work: https://lnkd.in/ewbEmFTZ
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In our latest LYB Podcast episode, we sit down with Agustin Izquierdo, our new EVP & CFO, to explore his career journey. Agustin’s path has been defined by taking risks, embracing challenges and trusting himself to navigate new opportunities, including relocating internationally and working across the value chain. His willingness to push boundaries has shaped his leadership style and prepared him for the dynamic role of CFO. 💡 His advice? Stay curious, ask questions and take on challenges that push you outside your comfort zone. 🎧 Listen now on Apple Podcasts, Spotify or your favorite podcast platform: Apple: http://spr.ly/6049FoRUL Spotify: http://spr.ly/6040FoRU0 #LYBPodcast #CFO #CorporateFinance
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We’re excited to share that our Executive Vice President of Advanced Polymer Solutions Torkel Rhenman will be a keynote speaker at the 2025 UH Energy Symposium on Plastics Circularity on April 17. Join the session to hear insights on the business strategies driving the future of plastics circularity. Register here: https://lnkd.in/g7-WpQpR
𝗪𝗲𝗹𝗰𝗼𝗺𝗲 𝗢𝘂𝗿 𝗞𝗲𝘆𝗻𝗼𝘁𝗲 𝗦𝗽𝗲𝗮𝗸𝗲𝗿 𝗧𝗼𝗿𝗸𝗲𝗹 𝗥𝗵𝗲𝗻𝗺𝗮𝗻! The University of Houston Energy Transition Institute is thrilled to welcome Torkel Rhenman, 𝗘𝘅𝗲𝗰𝘂𝘁𝗶𝘃𝗲 𝗩𝗶𝗰𝗲 𝗣𝗿𝗲𝘀𝗶𝗱𝗲𝗻𝘁 𝗼𝗳 𝗔𝗱𝘃𝗮𝗻𝗰𝗲𝗱 𝗣𝗼𝗹𝘆𝗺𝗲𝗿 𝗦𝗼𝗹𝘂𝘁𝗶𝗼𝗻𝘀 𝗮𝘁 LyondellBasell, as the 𝗢𝗽𝗲𝗻𝗶𝗻𝗴 𝗞𝗲𝘆𝗻𝗼𝘁𝗲 𝗦𝗽𝗲𝗮𝗸𝗲𝗿 𝗳𝗼𝗿 𝘁𝗵𝗲 𝟮𝟬𝟮𝟱 𝗨𝗛 𝗘𝗻𝗲𝗿𝗴𝘆 𝗦𝘆𝗺𝗽𝗼𝘀𝗶𝘂𝗺 𝗼𝗻 𝗣𝗹𝗮𝘀𝘁𝗶𝗰𝘀 𝗖𝗶𝗿𝗰𝘂𝗹𝗮𝗿𝗶𝘁𝘆! With decades of experience in the polymer and chemical industries, Torkel leads global efforts in advancing sustainable solutions and driving a circular economy. Under his leadership, LyondellBasell continues to push the boundaries of plastics recycling with a commitment to create solutions for a better tomorrow. Join us on 𝗔𝗽𝗿𝗶𝗹 𝟭𝟳, 𝟮𝟬𝟮𝟱, at the University of Houston as we explore the science, policy, and business strategies shaping the future of plastics circularity. Don't miss the chance to hear from one of the industry’s top leaders! 𝗥𝗲𝗴𝗶𝘀𝘁𝗲𝗿 𝗻𝗼𝘄: https://lnkd.in/g7-WpQpR 🐾💡 #WeAreUHEnergy #UHETI #PlasticsCircularity
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