LyondellBasell Industries NV

LyondellBasell Industries NV Overview

Company Headquarters: Houston, Texas, US

Founded: 2007

Workforce: ~ 19,300

Company Working: LyondellBasell Industries NV engages in the refinery and production of plastic resins and other chemicals. It operates through the following segments: Olefins and Polyolefins-Americas; Olefins and Polyolefins-Europe, Asia, International; Intermediates and Derivatives; Advanced Polymer Solutions; Refining; and Technology. The Olefins and Polyolefins-Americas segment produces and markets olefins and co-products, polyethylene, and polypropylene. The Olefins and Polyolefins-Europe, Asia, International segment also offer olefins and polyolefins. The Intermediates and Derivatives segment includes propylene oxide and its derivatives; oxyfuels and related products; and intermediate chemicals. The Advanced Polymer Solutions segment produces and markets compounding and solutions, such as polypropylene compounds, engineered plastics, masterbatches, colors and powders, engineered composites, and advanced polymers. The Refining segment refines heavy, high-sulfur crude oil and other crude oils of varied types and sources. The Technology segment develops chemical and polyolefin process technologies and manufactures and sells polyolefin catalysts.

Strategy

LyondellBasell has a strong focus on research and development (R&D). The company's R&D efforts are directed at discovering and commercializing new materials, processes and catalysts; and improving existing products and processes. These activities focus on process development, application and product development, fundamental polyolefin-focused research and catalyst development. The company has technical support centers in Tarragona, Spain, Geelong, Australia and Bayreuth, Germany. It operates research centers in Channelview, Texas; Lansing, Michigan; Cincinnati, Ohio; Frankfurt, Germany; and Ferrara, Italy. In FY2021, LyondellBasell spent US$124 million on R&D, which accounted for 0.3% of the company's revenue. As of December 2021, the company had 6,000 patents and patent applications worldwide. Strong R&D capabilities allow LyondellBasell to attain a competitive advantage over its peers, maintain a technological edge and stay ahead of industry trends. It also enables the company to differentiate its products from its competitors.

Company Snapshot

$45,608M

Revenue

19,300

Employees

2007

Founded

Houston, Texas, US

Headquarters

SWOT Analysis

Strengths

Wide range of products
R&D investments
Extensive spectrum of product lines
Strong R&D capabilities

Weaknesses

High levels of debt
Decline in cash

Opportunities

Strategic initiatives to enhance olefins and polyolefins business
Demand for oil and petroleum products catalyze the supply
Positive outlook for global chemical industry
Positive outlook for global paints and coatings market in Asia-Pacific

Threats

Intense rivalry in the market
Fluctuations in raw material prices
Competitive pressures adversely affect the market share
Interruption of operations at Lyondellbasell’s refining facilities

Key Developments

Date	Approach	Development
February 2018	–	The company introduced a new enhanced polypropylene grade under the brand name Moplen HE745T for packaging applications. The new grade possesses superior properties such as stiffness and impact performance balance.
February 2018	–	The company announced that the company will acquire A.Schulman Inc., the deal is valued at USD 2.25 billion. This strategic move will help the company to further expand its advanced polymer solutions on account of a burgeoning demand for plastic compounds in the end-use industries.
September 2017	–	The company introduced the polypropylene Moplen EP310J HP, which provides improved sealing strength and integrity, excellent homogeneity, and good flowability to meet the surge in demand for food pouches and packaged beverages and food products.
May 2017	–	The company initiated construction of a hyperzone polyethylene plant at its La Porte, Texas (U.S.), complex. The plant will have a production capacity of 5,00,000 metric tons per annum. The new Hyperzone PE technology produces PE in a single plant and provides durable and recyclable plastic.
February 2023	Agreement	LyondellBasell and KIRKBI A/S made an agreement to make an investment in APK, which specializes in a unique solvent-based recycling technology for low density polyethylene (LDPE).
October 2022	MoU	LyondellBasell and Shakti Plastic Industries, India's largest plastic scrap recycler and waste collection company, have signed a Memorandum of Understanding (MoU) to form a joint venture to build and operate a fully-automated, mechanical recycling plant in India. The plant is intended to process rigid packaging post-consumer waste and produce 50.000 tonnes of recycled polyethylene (PE) and polypropylene (PP) per year, equivalent to the single-use plastic waste produced by 12.5 million citizens.
August 2022	Collaboration	LyondellBasell collaborated with Röchling Medical, part of Röchling Group have announced a step forward towards their ambition to advance the circular economy. The companies created eye drop containers made by Röchling Medical using CirculenRenew polymers. LyondellBasell CirculenRenew polymers offer a variety of polypropylene (PP) and polyethylene (HDPE and LDPE) grades that are equivalent to virgin resin quality.

Product Offering

LyondellBasell Industries NV
- High-density polyethylene
- Polypropylene Homopolymer
- Polypropylene Crystallinity
- Polypropylene Copolymers
- Low-density polyethylene
- Linear low-density polyethylene
- Polypropylene Compounds
- Masterbatch Market

Financial Performance

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