Welcome to our dedicated page for Lyondellbasell Industries N V news (Ticker: LYB), a resource for investors and traders seeking the latest updates and insights on Lyondellbasell Industries N V stock.
LyondellBasell Industries (LYB) is a global leader in chemical manufacturing and advanced recycling solutions, producing essential polymers like polypropylene and polyethylene for industries worldwide. This page serves as your centralized source for all LYB-related news, offering investors and industry professionals timely updates on strategic developments.
Find official press releases, earnings reports, and analysis of operational milestones across LYB's core segments: olefins production, refining operations, and circular economy initiatives. Track updates on mergers, technological advancements, and sustainability projects that shape the company's position in global chemical markets.
Our curated news collection helps stakeholders monitor LYB's progress in mechanical recycling technologies, market expansions, and product innovations. Bookmark this page for direct access to primary source updates from one of the world's largest polyolefin producers, ensuring you stay informed about critical developments affecting the chemicals sector.
LyondellBasell (NYSE: LYB) reported first quarter 2025 financial results with net income of $177 million ($0.54 per share), or $110 million ($0.33 per share) excluding identified items. The company's EBITDA reached $655 million, with $576 million excluding identified items.
Key financial highlights include:
- Sales revenue of $7,677 million
- Cash used in operations: $579 million
- Returned $543 million to shareholders via dividends and share repurchases
- Maintained $6.5 billion in available liquidity
The company announced a 2025 Cash Improvement Plan targeting $500 million in financial strengthening. Operational highlights include a 12% increase in U.S. polypropylene volumes and improved European polyethylene profitability. The company expects seasonal demand improvements across most businesses in Q2 2025, with planned operating rates of 85% for North American O&P assets, 75% for European O&P assets, and 85% for I&D assets.
LyondellBasell (NYSE: LYB) has released its 2024 Sustainability Report, showcasing major achievements in sustainability and operational excellence. The report, titled 'From Vision to Value,' highlights significant progress in circular and low-carbon solutions.
Key accomplishments include:
- Value Enhancement Program generated $800 million in recurring annual EBITDA and reduced carbon emissions by 310,000 metric tons
- 65% increase in recycled and renewable-based polymers to over 200,000 metric tons
- Construction of first commercial-scale chemical recycling plant (MoReTec-1) in Wesseling, Germany
- Houston refinery shutdown completion, reducing annual Scope 3 emissions by 40 million metric tons
- New power purchase agreements to achieve 50% renewable electricity sourcing by 2030
- Strong safety performance with 70 sites achieving GoalZERO and 72 sites remaining injury-free
- Strategic acquisition of APK AG for Newcycling technology
The company ranked first among plastics producers in BloombergNEF's 2024 circular economy rankings and maintained its AA ESG rating from MSCI.
LyondellBasell (NYSE: LYB) has scheduled its first-quarter 2025 financial results announcement for Friday, April 25, 2025, before U.S. market opening. The company will host a webcast and teleconference at 11 a.m. EDT to discuss the results, led by David Kinney, head of investor relations.
Participants can access the webcast through www.lyondellbasell.com/earnings, with presentation slides available during and after the teleconference. A replay will be accessible from 1 p.m. EDT April 25 until May 27, 2025.
LyondellBasell (LYB) and Covestro have announced the permanent closure of their joint Propylene Oxide Styrene and Monomer (POSM) production unit (PO11) at the Maasvlakte site in the Netherlands. The decision follows mounting challenges including:
- Global overcapacity issues
- Increased imports from Asia
- High European production costs
The facility, operational since 2003, will undergo a safe shutdown process through the end of 2026. This closure aligns with LYB's strategic portfolio review of European assets in their Olefins & Polyolefins and Intermediates & Derivatives business units. The company is currently evaluating alternative ownership options for O&P sites, though no final decisions have been made.
LyondellBasell (LYB) has announced that CEO Peter Vanacker will participate in a fireside chat at the J.P. Morgan 2025 Industrials Conference in New York City. The event is scheduled for Wednesday, March 12, 2025, at 11:15 a.m. EDT.
A live webcast of the presentation will be available on the company's Investor Relations Events page. For those unable to attend, a replay will be accessible at the same link within 24 hours after the event.
LyondellBasell (NYSE: LYB) has announced a significant expansion of its propylene production capacity at the Channelview Complex near Houston. The new metathesis unit will add approximately 400,000 metric tons of annual propylene production capacity, converting ethylene into propylene for use in polypropylene and propylene oxide production.
Construction is scheduled to begin in Q3 2025, with operations expected to commence in late 2028. The project will create 750 construction jobs during peak construction and add 25 permanent positions. The expansion aims to enhance LYB's self-sufficiency, meet growing customer demand, and reduce market volatility exposure to deliver consistent shareholder returns.
The produced materials will serve various essential end-use applications, including food packaging, medical devices, automotive components, aircraft deicing fluid, building insulation, home furnishings, and telecommunications equipment.
LyondellBasell (NYSE: LYB) has announced a quarterly dividend payment of $1.34 per share. The dividend will be distributed to shareholders on March 17, 2025. The ex-dividend date and record date are set for March 10, 2025.
Sipchem and LyondellBasell (LYB) have received a important feedstock allocation from Saudi Arabia's Ministry of Energy for their joint feasibility study of a world-scale mixed feed cracker complex with derivatives. The project will be structured on a 60% Sipchem and 40% LYB ownership basis.
The planned facility aims to manufacture petrochemical products and derivatives for both Saudi Arabian and global export markets, promising to create thousands of local jobs. The project will utilize LYB's technologies to produce specialized grades of polyethylene and polypropylene, including the Catalloy product line of elastomeric polyolefins.
Both companies will explore carbon management solutions and low emission technologies to support their net zero ambitions. The project benefits from strategic advantages including cost-effective feedstocks, world-scale assets, advanced technologies, and proximity to key international markets.
LyondellBasell (LYB) reported fourth quarter 2024 results with a net loss of $603 million ($1.87 per share), including $852 million in identified items. Full-year 2024 net income was $1.4 billion ($4.15 per share). The company generated $3.8 billion in cash from operating activities with 90% cash conversion.
Key highlights include $1.8 billion in capital expenditures and $1.9 billion returned to shareholders through dividends and share repurchases. The company achieved 65% year-over-year volume growth in its Circular and Low Carbon Solutions business. However, Q4 faced challenges with declining margins across most businesses due to increased NGL feedstock and natural gas costs, coupled with seasonally slower demand.
Looking ahead to 2025, LYB expects seasonal demand improvements across product lines in Q1, with planned operating rates of approximately 80% for Olefins & Polyolefins Americas, 75% for EAI assets, and 80% for Intermediates & Derivatives assets.
LyondellBasell (LYB) has announced two significant power purchase agreements (PPAs) in Europe to advance its energy transition goals. The first is a 15-year agreement with Vattenfall to secure 450 gigawatt-hours (GWh) annually of offshore wind energy in Germany, supporting LYB's MoReTec-1 plant in Wesseling, which recycles plastic packaging waste from over 1.2 million German citizens yearly.
The second is a 10-year agreement with wpd for 79 GWh annually of onshore wind power from the Licata project in Sicily, Italy, starting in 2026. This will supply renewable electricity to LYB's Ferrara site, the world's largest Ziegler-Natta catalyst development facility, which produces polypropylene and advanced polyolefin resins.
These agreements provide LYB with long-term price stability for energy costs while supporting grid infrastructure and renewable energy integration.
