LyondellBasell

LyondellBasell Industries N.V. is a Dutch-domiciled multinational chemical company headquartered in Houston, Texas, United States. Formed in 2007 through the merger of Basell Polyolefins and Lyondell Chemical Company, it is one of the world's largest producers of plastics, chemicals, and refined products. The company operates through six main segments: Olefins and Polyolefins-Americas, producing ethylene, propylene, and polyethylene; Olefins and Polyolefins-Europe, Asia, International, focusing on similar products in global markets; Intermediates and Derivatives, manufacturing oxygenates and alkylates; Advanced Polymer Solutions, offering specialty polymers and compounds; Refining, processing crude oil into fuels; and Technology, licensing polyolefin processes. LyondellBasell maintains over 100 facilities across North America, Europe, and Asia, sourcing raw materials like natural gas and naphtha while adhering to REACH, TSCA, and sustainability standards such as reduced emissions and circular economy initiatives. It partners with suppliers for catalysts and additives, emphasizing supply chain resilience amid volatile commodity prices. In 2024, LyondellBasell reported net revenues of $41.1 billion, a slight decline from 2023 due to market challenges, with EBITDA of $3.5 billion reflecting cost efficiencies and strategic divestitures like the Ethylene Oxide business.