LyondellBasell advances sustainability leadership in 2024 Sustainability Report: From Vision to Value
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) ha pubblicato il suo Rapporto sulla Sostenibilità 2024, evidenziando importanti risultati in termini di sostenibilità e eccellenza operativa. Il rapporto, intitolato 'From Vision to Value', mette in luce i progressi significativi nelle soluzioni circolari e a basse emissioni di carbonio.
Tra i principali traguardi raggiunti:
- Il Programma di Valorizzazione ha generato 800 milioni di dollari di EBITDA ricorrente annuo e ha ridotto le emissioni di carbonio di 310.000 tonnellate metriche
- Aumento del 65% dei polimeri riciclati e a base rinnovabile, superando le 200.000 tonnellate metriche
- Costruzione del primo impianto commerciale di riciclo chimico (MoReTec-1) a Wesseling, in Germania
- Completamento della chiusura della raffineria di Houston, con una riduzione delle emissioni Scope 3 annuali di 40 milioni di tonnellate metriche
- Nuovi accordi per l’acquisto di energia per raggiungere il 50% di elettricità da fonti rinnovabili entro il 2030
- Ottime performance in materia di sicurezza con 70 siti che hanno raggiunto l’obiettivo GoalZERO e 72 siti senza infortuni
- Acquisizione strategica di APK AG per la tecnologia Newcycling
L’azienda si è classificata al primo posto tra i produttori di plastica nella classifica 2024 sull’economia circolare di BloombergNEF e ha mantenuto il rating ESG AA da MSCI.
LyondellBasell (NYSE: LYB) ha publicado su Informe de Sostenibilidad 2024, mostrando importantes logros en sostenibilidad y excelencia operativa. El informe, titulado 'From Vision to Value', destaca avances significativos en soluciones circulares y bajas en carbono.
Logros clave incluyen:
- El Programa de Mejora de Valor generó 800 millones de dólares en EBITDA recurrente anual y redujo las emisiones de carbono en 310,000 toneladas métricas
- Aumento del 65% en polímeros reciclados y de base renovable, superando las 200,000 toneladas métricas
- Construcción de la primera planta comercial de reciclaje químico (MoReTec-1) en Wesseling, Alemania
- Finalización del cierre de la refinería de Houston, reduciendo las emisiones anuales Scope 3 en 40 millones de toneladas métricas
- Nuevos acuerdos de compra de energía para alcanzar un 50% de electricidad renovable para 2030
- Fuerte desempeño en seguridad con 70 sitios alcanzando GoalZERO y 72 sitios sin accidentes
- Adquisición estratégica de APK AG para la tecnología Newcycling
La compañía se ubicó en primer lugar entre los productores de plástico en el ranking 2024 de economía circular de BloombergNEF y mantuvo su calificación ESG AA de MSCI.
LyondellBasell (NYSE: LYB)은 2024년 지속 가능성 보고서를 발표하며 지속 가능성과 운영 우수성 분야에서 주요 성과를 선보였습니다. 'From Vision to Value'라는 제목의 이 보고서는 순환 경제 및 저탄소 솔루션에서의 중요한 진전을 강조합니다.
주요 성과는 다음과 같습니다:
- 가치 향상 프로그램을 통해 연간 8억 달러의 반복 EBITDA 창출 및 탄소 배출량 31만 톤 감축
- 재활용 및 재생 기반 폴리머 사용 65% 증가, 20만 톤 이상 달성
- 독일 베셀링에 첫 상업 규모 화학적 재활용 공장(MoReTec-1) 건설
- 휴스턴 정유공장 폐쇄 완료로 연간 Scope 3 배출량 4천만 톤 감축
- 2030년까지 재생 가능 전력 비중 50% 달성을 위한 신규 전력 구매 계약 체결
- 70개 사이트가 GoalZERO 달성, 72개 사이트가 무재해 기록 등 강력한 안전 성과
- Newcycling 기술을 위한 APK AG 전략적 인수
회사는 BloombergNEF 2024 순환 경제 순위에서 플라스틱 제조업체 중 1위를 차지했으며 MSCI로부터 AA ESG 등급을 유지했습니다.
LyondellBasell (NYSE : LYB) a publié son Rapport de Durabilité 2024, mettant en avant des réalisations majeures en matière de durabilité et d'excellence opérationnelle. Le rapport, intitulé « From Vision to Value », souligne des progrès significatifs dans les solutions circulaires et à faible émission de carbone.
Principales réalisations :
- Le Programme d'Amélioration de la Valeur a généré 800 millions de dollars d'EBITDA récurrent annuel et réduit les émissions de carbone de 310 000 tonnes métriques
- Augmentation de 65 % des polymères recyclés et d'origine renouvelable, dépassant les 200 000 tonnes métriques
- Construction de la première usine commerciale de recyclage chimique (MoReTec-1) à Wesseling, en Allemagne
- Achèvement de la fermeture de la raffinerie de Houston, réduisant les émissions annuelles de Scope 3 de 40 millions de tonnes métriques
- Nouveaux accords d'achat d'électricité pour atteindre 50 % d'électricité renouvelable d'ici 2030
- Excellentes performances en matière de sécurité avec 70 sites ayant atteint l'objectif GoalZERO et 72 sites sans accident
- Acquisition stratégique d'APK AG pour la technologie Newcycling
L'entreprise s'est classée première parmi les producteurs de plastiques dans le classement 2024 de l'économie circulaire de BloombergNEF et a conservé sa notation ESG AA de MSCI.
LyondellBasell (NYSE: LYB) hat seinen Nachhaltigkeitsbericht 2024 veröffentlicht, der bedeutende Erfolge in den Bereichen Nachhaltigkeit und operative Exzellenz aufzeigt. Der Bericht mit dem Titel 'From Vision to Value' hebt wesentliche Fortschritte bei zirkulären und kohlenstoffarmen Lösungen hervor.
Wichtige Errungenschaften umfassen:
- Das Wertsteigerungsprogramm generierte 800 Millionen US-Dollar wiederkehrendes EBITDA pro Jahr und reduzierte die CO2-Emissionen um 310.000 Tonnen
- 65% Steigerung des Anteils an recycelten und erneuerbaren Polymeren auf über 200.000 Tonnen
- Bau der ersten kommerziellen chemischen Recyclinganlage (MoReTec-1) in Wesseling, Deutschland
- Abschluss der Stilllegung der Raffinerie in Houston, wodurch die jährlichen Scope-3-Emissionen um 40 Millionen Tonnen reduziert wurden
- Neue Stromabnahmeverträge zur Erreichung von 50% erneuerbarem Strom bis 2030
- Starke Sicherheitsleistung mit 70 Standorten, die GoalZERO erreicht haben, und 72 Standorten ohne Verletzungen
- Strategische Übernahme von APK AG für die Newcycling-Technologie
Das Unternehmen belegte den ersten Platz unter den Kunststoffherstellern im BloombergNEF-Ranking zur Kreislaufwirtschaft 2024 und behielt seine AA-ESG-Bewertung von MSCI bei.
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HOUSTON, April 15, 2025 (GLOBE NEWSWIRE) -- LyondellBasell (NYSE: LYB), a global leader in the chemical industry, today released its 2024 Sustainability Report, demonstrating significant progress in circular and low-carbon solutions, climate action and operational excellence.
"At LYB, sustainability is an opportunity to reimagine the future and create long-term value," said Peter Vanacker, CEO of LyondellBasell. "Our 2024 report, ‘From Vision to Value,’ highlights how we are rethinking the status quo and accelerating progress towards a circular and low-carbon future by investing in innovative technologies, strengthening collaborations, and embedding sustainability into our core strategy."
2024 sustainability highlights:
- Value Enhancement Program (VEP) success: The company’s employee-driven VEP initiative unlocked a cumulative
$800 million in recurring annual EBITDA and generated estimated annual carbon emissions reductions of 310,000 metric tons. - Advancing the circular economy: LYB increased volumes of recycled and renewable-based polymers by
65% to over 200,000 metric tons, progressing toward its 2030 goal of producing and marketing 2 million metric tons annually and capturing incremental EBITDA of more than$1 billion 1. - MoReTec-1 construction underway: To meet the rising demand for circular polymers, the company broke ground on its first commercial-scale chemical recycling plant in Wesseling, Germany, to convert hard-to-recycle plastic waste into new raw materials, including for contact-sensitive packaging.
- Reducing carbon emissions: In Q1 2025, LYB safely completed the shutdown of refining operations at its Houston refinery. This will reduce annual Scope 3 emissions by approximately 40 million metric tons.
- Renewable energy expansion: New power purchase agreements (PPAs) secured in 2024 will enable LYB to meet its target of sourcing at least
50% of electricity from renewable sources by 2030. - Safety excellence: Out of over 90+ LYB manufacturing sites, 70 achieved GoalZERO, 72 were injury-free and the company achieved its second lowest-ever total recordable incident rate (0.127).
- Strategic growth & investments: The company acquired APK AG, adding Newcycling technology to its portfolio for solution-based recycling of low-density polyethylene (LDPE) waste.
- Sustainability recognition: Ranked first among plastics producers in BloombergNEF’s 2024 circular economy company rankings and retained its AA ESG rating from MSCI.
"As we look to the future, we remain steadfast in our commitment to sustainability and innovation. Our investments in circular and low-carbon solutions, along with our dedication to safety and operational excellence, will drive our progress toward achieving our 2030 and 2050 goals. We are transforming our vision into lasting value, ensuring that we create meaningful impact for our customers, shareholders and society." - Peter Vanacker, CEO, LyondellBasell
For more details, read the 2024 Sustainability Report at www.lyondellbasell.com.
About LyondellBasell
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 or follow @LyondellBasell on LinkedIn.
For media inquiries, please contact:
Nick Facchin
Sr. Manager, Executive Communications and Media Relations
Phone: +1 713 309 4791
Email: nick.facchin@lyondellbasell.com
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1 Incremental to LyondellBasell’s fossil-based O&P Americas and O&P EAI annual EBITDA
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