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Lyondellbasell Industries N V - LYB STOCK NEWS

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.

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LyondellBasell (LYB) announced its participation in NPE2024 to showcase innovations in polymer technology and sustainable manufacturing practices. The company aims to highlight its commitment to a circular economy and environmental stewardship at the event.
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LyondellBasell's CEO, Peter Vanacker, will participate in a fireside chat at the J.P. Morgan 2024 Industrials Conference in New York City. The event will take place on March 13, 2024, at 9:30 a.m. EST. Investors can access the live webcast and presentation slides on the company's website. A replay will be available within 24 hours after the event.
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LyondellBasell (LYB) announces a public offering of $750 million aggregate principal amount of 5.500% Guaranteed Notes due 2034 by its subsidiary. The Offering is expected to close on February 28, 2024, with net proceeds intended for general corporate purposes, including the repayment of existing senior notes. Citigroup Global Markets Inc. and Mizuho Securities USA LLC are the joint book-running managers for the Offering.
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LyondellBasell declares a dividend of $1.25 per share, payable on March 11, 2024, to shareholders of record on March 4, 2024.
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LyondellBasell (LYB) acquires mechanical recycling assets from PreZero, expanding its U.S. presence and plastic recycling capabilities. The acquisition includes a processing facility in California with a production capacity of 50 million pounds per year. LYB plans to operate the plant to manufacture post-consumer recycled resins under its CirculenRecover brand, contributing to the circular economy and meeting customer demand for sustainable products.
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LyondellBasell (LYB) announces executive committee changes with Kimberly Foley as EVP of Global Olefins & Polyolefins, Refining, and Supply Chain, and Aaron Ledet as EVP of Intermediates and Derivatives. The changes follow the departure of Ken Lane.
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LyondellBasell Industries (NYSE: LYB) reported fourth-quarter 2023 net income of $185 million, or $0.56 per share, and full-year 2023 net income of $2.1 billion, or $6.46 per share. The company also took final investment decision to build a catalytic advanced recycling plant and announced the divestiture of its Ethylene Oxide and Derivatives business. Despite challenges, the company delivered resilient results and is focused on a three-pillar strategy to create a more profitable and sustainable growth engine.
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LyondellBasell (NYSE: LYB) and MSI Technology, LLC have entered into an agreement for MSI Technology to serve the LyondellBasell Polybutene-1 (PB-1) resin line into consumer packaging applications for North America. This strategic fit aims to enhance offerings to customers in consumer packaging, utilizing the technical sales approach and specialty product portfolio of MSI Technology. LyondellBasell PB-1 resins are known for their broad seal-peel temperature range, consistent and reproducible peel performance, and good seal integrity, making them ideal for easy-open packaging and film modification.
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LyondellBasell's Senior Vice-President, Ronald Haddock, discusses the need for a significant sustainability transformation in the chemical industry. The company is focusing on reducing GHG emissions, increasing circularity, and meeting net-zero targets. Investments are required to achieve these objectives, balancing sustainability with shareholder expectations. The industry is influenced by mega trends like energy transitions, changes in consumer habits, and post-globalization trade flows.
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LyondellBasell (LYB) has introduced a new flame-retardant compound, Petrothene T3XL7420, designed to optimize production line speeds and enhance manufacturing efficiency for wire producers in the automotive and appliance industries. The compound offers benefits such as enhanced cure kinetics, increased stiffness, and better barrier performance, making it an attractive option for wire producers. LyondellBasell expects Petrothene T3XL7420 to become the product of choice for a wide range of automotive and appliance wiring applications.
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Lyondellbasell Industries N V

NYSE:LYB

LYB Rankings

LYB Stock Data

18.06B
255.40M
20.38%
73.39%
1.75%
Specialty Chemicals
Industrial Organic Chemicals
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United States
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