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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 Advanced Recycling Project Selected for EU Innovation Fund Grant

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LyondellBasell (LYB) has been awarded a €40 million grant from the European Union (EU) Innovation Fund to support the development of a fully-electrified, industrial-scale advanced recycling demonstration plant in Wesseling, Germany. The MoReTec technology, which will be implemented in the plant, is an innovative process that converts polyolefin waste into pyrolysis oil and gas, contributing to the production of polymer and reducing CO2 emissions. The plant is expected to start operations in 2026 and will have an annual processing capacity equivalent to the plastic packaging waste generated by over 1.2 million German citizens per year. This grant is part of the EU's efforts to fund clean-tech projects and support decarbonization, with a total commitment of EUR 3.6 billion for innovative low-carbon technologies.
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LyondellBasell to Discuss Fourth Quarter Results on Friday, February 2, 2024

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LyondellBasell, a global chemical industry leader, is set to announce its Q4 2023 financial results on February 2, 2024. The results will be followed by a webcast and teleconference hosted by David Kinney, Head of Investor Relations. Access to presentation slides and a replay of the call will also be available.
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LyondellBasell Edges Closer to Meeting Its 2030 Renewable Energy Target

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LyondellBasell (NYSE: LYB) has signed two new Power Purchase Agreements (PPA) in the United States, bringing the company's total procured renewable electricity to 1,366 megawatts (MW), representing 89% of its goal to procure a minimum of 50% of its electricity from renewable sources. The agreements are expected to accelerate the development of clean energy and shift to the use of low-carbon energy at the company's sites. The company aims to reduce its scope 1 and 2 greenhouse gas emissions, with renewable electricity being a crucial component of its pathway to net-zero emissions by 2050.
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LYB Enters into Agreement to Acquire 35% of Saudi Arabia-based NATPET; Expands Core PP Business

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LyondellBasell (LYB) has entered into an agreement to acquire a 35% interest in National Petrochemical Industrial Company (NATPET) from Alujain Corporation for approximately $500 million. The joint venture will provide LYB access to advantaged feedstocks and additional product marketing capacity in a strategic region. The transaction also includes potential construction of a new propylene via propane dehydrogenation (PDH) and PP facility at the NATPET site, subject to a final investment decision. The investment reflects LYB's strategy of growing and upgrading its core assets and businesses with lasting advantages.
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LyondellBasell edges closer to meeting its 2030 renewable energy target

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LyondellBasell (NYSE: LYB) signs new Power Purchase Agreements to procure 1,366 MW of renewable electricity, representing 89% of its goal to procure a minimum of 50% of its electricity from renewable sources.
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LyondellBasell Announces Sale of Ethylene Oxide & Derivatives Business and Production Facility to INEOS

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LyondellBasell (LYB) has agreed to sell its Ethylene Oxide & Derivatives (EO&D) business and production facility in Bayport, Texas to INEOS Oxide for $700 million. The transaction is expected to close in the second quarter of 2024 and is subject to regulatory and other customary closing conditions. This move aligns with LyondellBasell's strategy of focusing on core businesses and creating value through strategic decisions.
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LyondellBasell CEO Peter Vanacker Speaks With Bloomberg TV on Global Demand, COP28

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LyondellBasell (LYB) CEO Peter Vanacker discusses global chemicals and plastics demand on Bloomberg TV, addressing the company's outlook for the industry.
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LyondellBasell to Address Citi Basic Materials Conference

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LyondellBasell (LYB) Announces CFO Michael McMurray's Participation in Citi Basic Materials Conference
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/C O R R E C T I O N -- Lyondell Chemical Company/

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LyondellBasell (LYB) to Address Citi Basic Materials Conference on November 28, 2023. Michael McMurray, EVP and CFO, will participate in a fireside chat at 9:30 a.m. EST. The event will be webcasted and presentation slides will be accessible for replay.
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LyondellBasell to Build Industrial-scale Advanced Recycling Plant in Germany

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LyondellBasell (LYB) has announced the final investment decision to build the company's first industrial-scale catalytic advanced recycling demonstration plant in Wesseling, Germany. The plant will utilize LyondellBasell's proprietary MoReTec technology to convert post-consumer plastic waste into feedstock for new plastic materials, with a net zero GHG emissions target. The plant is expected to have an annual capacity of 50,000 tonnes and will be completed by the end of 2025.
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Lyondellbasell Industries N V

NYSE:LYB

LYB Rankings

#455 Ranked by Market Cap
#270 Ranked by Dividends

LYB Stock Data

18.06B
256.84M
20.38%
73.39%
1.75%
Specialty Chemicals
Industrial Organic Chemicals
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United States
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