HOUSTON, Jan. 21, 2020 /PRNewswire/ -- LyondellBasell
(NYSE: LYB), one of the largest plastics, chemicals and refining
companies in the world, today announced it has been named to
Fortune Magazine's 2020 list of the "World's Most Admired
Companies." This marks the third year that LyondellBasell has made
the list, which identifies the organizations with the strongest
reputations across a variety of industry sectors.
"Credit for this recognition goes to our employees who work
tirelessly to operate safely, responsibly and deliver products that
meet or exceed our customers' needs," said Bob Patel, CEO of LyondellBasell. "In 2020 we
remain focused on the startup of our
Hyperzone polyethylene plant which uses our new
proprietary technology, continuing construction of our Propylene
Oxide / Tertiary Butyl Alcohol (PO/TBA) plant in Texas, and delivering an outstanding value
proposition for our customers and shareholders."
In 2019, LyondellBasell:
- played a leadership role in creating and launching the first
global, cross-value chain Alliance to End Plastic Waste;
- collaborated with Samsonite to create a suitcase collection
made of 100 percent post-consumer plastic waste provided through
our Quality Circular Polymers joint venture with SUEZ;
- advanced our molecular recycling capabilities and announced the
construction of a small-scale pilot plant in Ferrara, Italy to convert post-consumer plastic waste
into feedstock;
- successfully produced plastics at commercial scale using
sustainable bio-based raw materials, such as waste and residue oils
in collaboration with Neste; and,
- announced Memoranda of Understanding to form two joint ventures
in China which will produce
chemicals used in a variety of applications including construction
materials, packaging and furnishings.
According to Korn Ferry, who administers the survey for
Fortune Magazine, the "World's Most Admired Companies" study
surveys top executives and directors from eligible companies, along
with financial analysts, to evaluate companies in the categories
of:
- Innovation
- People Management
- Use of Corporate Assets
- Social Responsibility
- Quality of Management
- Financial Soundness
- Long-Term Investment Value
- Quality of Products / Services
- Global Competitiveness
More information on Fortune's "World's Most Admired Companies"
list can be found here.
About LyondellBasell
LyondellBasell (NYSE: LYB)
is one of the largest plastics, chemicals and refining companies in
the world. Driven by its employees around the globe, LyondellBasell
produces materials and products that are key to advancing solutions
to modern challenges like enhancing food safety through lightweight
and flexible packaging, protecting the purity of water supplies
through stronger and more versatile pipes, improving the safety,
comfort and fuel efficiency of many of the cars and trucks on the
road, and ensuring the safe and effective functionality in
electronics and appliances. LyondellBasell sells products into more
than 100 countries and is the world's largest producer of
polypropylene compounds and the largest licensor of polyolefin
technologies. In 2020, LyondellBasell was named to Fortune
Magazine's list of the "World's Most Admired Companies" for the
third consecutive year. More information about LyondellBasell can
be found at www.lyondellbasell.com.
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SOURCE LyondellBasell Industries