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LyondellBasell Industries NV

Company Profile Analysis

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LyondellBasell Industries NV - Chemicals & Materials showcase

Year Founded & Workforce

2006-12-31

19,300 Employees

Industry

Chemicals & Materials

Services

L

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

2006-12-31

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

DateApproachDevelopment
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 2023AgreementLyondellBasell 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 2022MoULyondellBasell 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 2022CollaborationLyondellBasell 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

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About the Author

Wantstats Research Team

Wantstats' research desk profiles LyondellBasell Industries NV as part of our ongoing coverage of the Chemicals & Materials sector, drawing on public company data, filings, and market intelligence.

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I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee

R&D Director, Seojin

Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu

Strategy & Business Development Director, Dogan Holding

We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.
Noah Malgeri
Noah Malgeri

Co-Founder, Mojave Rail Fabrication Limited

This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.
Michael Robert

Manager, JavolVision

Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Joseph Aguayo
Joseph Aguayo

Sales Operations & Pricing Manager, Intel

Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Bong Lau

Sales Leader, Bamberg

We bought your "2025 report" in 2020. Everything is fine and very good.
Peter Groot Koerkamp
Peter Groot Koerkamp

Account and Business Manager, EFS-Holland BV

Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Younghwan Choi

Senior Retail Manager, LG Chem

We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin

Management Consultant, Level 21

I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker

Group Product Manager HVAC & Fire Protection GMA, Rockwool

I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee

R&D Director, Seojin

Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu

Strategy & Business Development Director, Dogan Holding

We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.

LyondellBasell Industries NV

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