LyondellBasell

Since its establishment in 1985 from facilities belonging to the Atlantic Richfield Company (ARCO), the company grew through stock swaps with Occidental Chemicals and Millennium Chemicals in 1997, which formed Equistar Chemicals of which each entity were partners. Lyondell purchased the outstanding shares from each of its partners to gain total control of Equistar which is a wholly owned subsidiary of Lyondell. Lyondell bought ARCO Chemical in 1998 for $5.6 billion including ARCO's entire 82.2% ownership stake.{{Cite news |title=Lyondell Petrochemical to Buy ARCO Chemical |work=The New York Times |date=19 June 1998 |url=https://www.nytimes.com/1998/06/19/business/lyondell-petrochemical-to-buy-arco-chemical.html|last1=Salpukas |first1=Agis }} In 2004, Lyondell purchased Millennium Chemicals in a stock-swap deal valued at $2.3 billion.{{cite web |url=https://www.bizjournals.com/houston/stories/2004/03/29/daily4.html |title=Lyondell to purchase Millennium Chemicals in $2.3B deal|first=Jim|last=Greer|access-date=2023-03-27 |publisher=Houston Business Journal}} In August 2006, Lyondell acquired Citgo's interest in the Lyondell-Citgo Refinery for $2.1 billion, and renamed the facility Houston Refining.{{Cite web |title=Lyondell buys out Citgo stake in Houston refinery for $2.1B - Aug. 17, 2006 |url=https://money.cnn.com/2006/08/17/news/companies/lyondell_citgo.dj/ |access-date=2023-03-27 |website=money.cnn.com}} Chemical maker Basell Polyolefins purchased Lyondell in December 2007, creating the new company LyondellBasell Industries AF S.C.A., one of the largest chemical companies in the world at that time. It was owned by Access Industries, a privately held, U.S.-based industrial group. LyondellBasell is the third largest independent chemical manufacturer in the world and is headquartered in Houston and Rotterdam.

File:Oil refinery in Houston 2018a.jpg]]

LyondellBasell's United States operations filed for Chapter 11 bankruptcy protection in January 2009, and emerged from bankruptcy in April 2010.{{Cite web |url=http://www.houstonchronicle.com/business/energy/article/After-10-years-and-bankruptcy-filing-12311231.php |title=After 10 years and bankruptcy filing, LyondellBasell leads Gulf petrochemical boom |website=Houston Chronicle |date=28 October 2017 |access-date=2018-03-27}} Its former parent company, LyondellBasell Industries AF S.C.A. was replaced by LyondellBasell Industries N.V.{{Cite web |url=https://www.plasticstoday.com/content/lyondellbasell-emerges-bankruptcy-reorganization/84673598814112 |title=LyondellBasell emerges from bankruptcy reorganization |date=2010-04-26 |website=PlasticsToday |language=en |access-date=2018-03-27}} It was listed on the New York Stock Exchange on October 14, 2010.{{Cite web |url=https://money.cnn.com/news/newsfeeds/articles/prnewswire/DA81860.htm |title=LyondellBasell Shares Begin Trading on NYSE |website=money.cnn.com |access-date=2018-03-27}}

In 2012, 1 Houston Center, the building housing LyondellBasell's Houston headquarters since 1986, was renamed LyondellBasell Tower.{{cite news|title=Deal of the week: LyondellBasell to put name on tower}} In 2014, LyondellBasell announced that it was installing two large cracking furnaces at its Channelview plant, and the following year the company announced it would double production capacity at the Bayport Underwood plant.{{cite news|title=LyondellBasell CEO: New Gulf Coast plant part of 'next generation' of innovation}} LyondellBasell acquired the compounding assets of Zylog Plastalloys, an India-based company, in November 2015.{{cite news|title=LyondellBasell continues India growth with new deal}} The acquisition made LyondellBasell the third largest poly (propylene) materials producer in India.{{cite news|title=LyondellBasell completes acquisition of Pune-based Zylog}}{{cite news|title=Buyout of Zylog's polypropylene business will propel LyondellBasell to the third spot in India}}

In June 2016, LyondellBasell announced a factory in Northern China. It was the third facility for LyondellBasell to open in China, following Guangzhou and Suzhou.{{Cite web |url=http://www.pnchina.com/en/Detail.aspx?id=1361250525 |title=PNChina.com: LyondellBasell building first plant in northern China |website=www.pnchina.com |access-date=2018-03-27}}

In September 2016, LyondellBasell announced that it would build a $700 million polyethylene plant at the La Porte manufacturing complex on the Houston Ship Channel that would produce 1.1 billion pounds of polyethylene annually.{{cite news|title=LyondellBasell picks location for new $700M plant in Houston}}{{cite news|title=LyondellBasell to build another Gulf Coast plant}} The company started construction on a La Porte plant in May 2017.{{cite news|title=LyondellBasell starts construction on Gulf Coast plant using new technology}}{{cite news|title=LyondellBasell plant in La Porte will help reshape plastic-making}}

The company completed an expansion of its Corpus Christi ethylene plant in January 2017. The plant's capacity was increased by 50 percent to produce 2.5 billion pounds annually.{{cite news|title=LyondellBasell completes Corpus Christi ethylene plant expansion}} That same year, Hurricane Harvey hit the United States and affected the company's Texas Gulf Coast operations. The Houston Ship Channel was temporarily closed, which prevented crude tankers from reaching refineries. The La Porte facility was damaged but came back online in late October.{{cite news|title=LyondellBasell posts growing $1 billion profit}}{{cite news|title=As Houston Recovers From Harvey, Getting Fuel Flowing Again Is a Slow Process}}{{cite news|title=Houston Works to Maintain Critical Services}}

In December 2017, LyondellBasell partnered with Suez, a French water and waste management company, in the first joint venture between a major plastics and chemicals company and a resource management company.{{Cite web |url= http://www.plasticsnewseurope.com/article/20171204/PNE/171209983/lyondellbasell-looking-to-create-recycling-platform-with-suez-jv |title= LyondellBasell looking to create recycling platform with Suez JV|website=plasticsnewseurope.com |access-date= 2018-03-27}}

LyondellBasell and Odebrecht entered into exclusive talks for LYB to acquire control of Braskem in June 2018, but did not consummate the acquisition.{{cite news |title=Odebrecht, LyondellBasell to seal Braskem deal by mid-October: paper |url=https://www.reuters.com/article/us-braskem-lyondell/odebrecht-lyondellbasell-to-seal-braskem-deal-by-mid-october-paper-idUSKBN1K01E7 |work=Reuters |date=10 July 2018}}

During July 2018, LyondellBasell announced a partnership with Karlsruhe Institute of Technology (KIT) in Germany to advance chemical recycling of plastic materials and assist the global efforts towards the circular economy and plastic waste recycling needs. The focus of the venture is to develop a new catalyst and process technology to decompose post-consumer plastic waste, such as packaging, into monomers for reuse in polymerization processes.{{cite web |last1=Goldsberry |first1=Claire |title=LyondellBasell and Karlsruhe Tech team up to advance chemical recycling |url=https://www.plasticstoday.com/packaging/lyondellbasell-and-karlsruhe-tech-team-advance-chemical-recycling/159743428859323 |website=Plastics Today |date=23 August 2018 |accessdate=14 October 2018}}

In August 2018, LyondellBasell finalized their acquisition of A. Schulman Inc. in a $2.25 billion deal.{{cite news |last1=Blunt |first1=Katherine |title=LyondellBasell closes A. Schulman acquisition |url=https://www.chron.com/business/energy/article/LyondellBasell-closes-A-Schulman-acquisition-13170295.php |accessdate=14 October 2018 |publisher=Houston Chronicle |date=21 August 2018}} That same month, it broke ground on the world's largest propylene oxide and tertiary butyl alcohol plant in Channelview, Texas. The plant is estimated to produce 1 billion pounds of propylene oxide and 2.2 billion pounds of tertiary butyl alcohol annually. LyondellBasell will export the majority of its products via the Houston Ship Channel.{{cite news |last1=Mann |first1=Joshua |title=Behind the deal: LyondellBasell breaks ground at Channelview facility |url=https://www.bizjournals.com/houston/news/2018/08/22/behind-the-deal-lyondellbasell-breaks-ground-at.html |accessdate=14 October 2018 |publisher=Houston Business Journal |date=22 August 2018}}

LyondellBasell also announced in September that it and its joint partner, Covestro, kicked-off a large investment project in Maasvlakte-Rotterdam, the Netherlands. The Circular Steam Project incorporates an innovative technology into the existing production plant, to convert its water-based waste into energy and is an important contribution to the Dutch government's {{CO2}} reduction targets.{{cite news |last1=Laird |first1=Karen |title=Covestro, LyondellBasell kick off major emissions reduction project in Netherlands |url=http://www.plasticsnewseurope.com/article/20180904/PNE/180909989/covestro-lyondellbasell-kick-off-major-emissions-reduction-project-in-netherlands |accessdate=14 October 2018 |publisher=Plastics News Europe |date=4 September 2018}}

In December 2023, LyondellBasell sold its ethylene oxide and derivatives business to INEOS for $700 million.{{Cite news |date=2023-12-08 |title=LyondellBasell to sell Bayport ethylene oxide unit to INEOS for $700 mln |language=en |work=Reuters |url=https://www.reuters.com/business/lyondellbasell-sell-bayport-ethylene-oxide-unit-ineos-700-mln-2023-12-08/ |access-date=2023-12-12}}

In April 2022, LyondellBasell announced plans to shutter its Houston refinery by the end of 2023, following two failed attempts to sell it.{{cite news | url = https://www.reuters.com/business/energy/lyondell-basell-shutter-houston-oil-refinery-2023-2022-04-21/ | title = Lyondell Basell to shutter Houston oil refinery in exit from refining | last = Seba | first = Erwin | date = 2022-04-29 | publisher = Reuters | access-date = 2024-11-17 | language = en }} These plans were later pushed back to Q1 2025 due to a period of strong refining margins.{{cite news | url = https://www.reuters.com/business/energy/another-us-oil-refinery-vanish-with-lyondell-houston-plant-closing-2024-11-01/ | title = Another US oil refinery to vanish with Lyondell Houston plant closing | last = Seba | first = Erwin | date = 2024-11-01 | publisher = Reuters | access-date = 2024-11-17 | language = en }}

LyondellBasell holds an annual Global Care Day. Company employees volunteer for community service projects in 20 countries.{{cite news |title=LyondellBasell Global Care Day brings lasting change |url=https://www.chron.com/life/health/article/LyondellBasell-Global-Care-Day-brings-lasting-9790656.php |accessdate=14 October 2018 |publisher=Houston Chronicle |date=25 September 2015}}

The American Chemistry Council recognized LyondellBasell with its Responsible Care Company of the Year award in 2014.{{cite web |last1=Heumann |first1=Jenny |title=Chemical Manufacturing Companies Honored for Commitment to Health and Safety Performance |url=https://www.americanchemistry.com/Media/PressReleasesTranscripts/ACC-news-releases/Chemical-Manufacturing-Companies-Honored-for-Commitment-to-Health-and-Safety-Performance.html |website=American Chemistry Council |accessdate=14 October 2018}} In 2015, the American Heart Association recognized LyondellBasell's Cincinnati Technology Center with the Fit-Friendly Worksite Platinum Award. The Fit-Friendly program emphasizes employee health and company culture surrounding physical health.{{cite news |title=LyondellBasell Bayport Complex honored by American Heart Association |url=https://www.chron.com/neighborhood/champions-klein/article/LyondellBasell-Bayport-Complex-honored-by-9650895.php |publisher=Houston Chronicle |date=13 April 2014}}

LyondellBasell was named #2 on the list of Top 25 Foreign-owned Chemical Producers by Chemical & Engineering News in both 2015 and 2016.{{cite news|title=Top 50 U.S. chemical producers of 2016}} In 2016, Houston Business Journal recognized LyondellBasell as the third largest Houston-based public company.{{cite news|title=Forbes names 11 Houston energy companies among 'World's Best Employers'}}

In 2018, LyondellBasell was named to Fortune Magazine's list of the World's Most Admired Companies.{{cite news|title=World's Most Admired Companies}} Additionally, Bob Patel received the 2018 ICIS Kavaler Award in September. The winner of the ICIS Kavaler Award is selected by his/her peers — the senior executives of the ICIS Top 40 Power Players listing, a global ranking of the leaders making the greatest positive impact on their companies and the chemical industry published in ICIS Chemical Business magazine.{{cite web |title=LyondellBasell CEO Bob Patel to receive 2018 ICIS Kavaler Award |url=https://www.icis.com/press-releases/lyondellbasell-ceo-bob-patel-to-receive-2018-icis-kavaler-award/ |website=Chemical Industry News |accessdate=14 October 2018}}

LyondellBasell's, among other petrochemical facilities at Berre-L'Étang, France, are regularly criticized in the French media{{cite web|date=25 October 2020|title=Berre-l'Étang : un nouveau torchage massif de Lyondell illumine la nuit|url=https://www.laprovence.com/article/edition-vaucluse/6159224/un-nouveau-torchage-massif-de-lyondell-illumine-la-nuit.html|accessdate=19 July 2021}}{{cite web|date=31 October 2020|title=La vie au pied des torchères|url=https://marsactu.fr/la-vie-au-pied-des-torcheres/|accessdate=19 July 2021}} and by local authorities{{Cite web|date=2020-09-03|title=Berre-l'Étang : des maires montent au front après l'incident de LyondellBasell|url=https://www.laprovence.com/article/papier/6096332/incident-de-lyondell-des-maires-montent-au-front.html|access-date=2021-07-27|website=LaProvence.com|language=fr}} for their large-scale flaring activities generating, among other nuisances, giant smoke plumes{{cite web |title=L'épisode de torchage de LyondellBasell en images |date=September 2020 |url=https://www.maritima.info/depeches/environnement/berre-l-etang/70260/l-episode-de-torchage-de-lyondellbasell-en-images.html |accessdate=19 July 2021}} with lengths reaching dozens of miles.{{cite web |title=Berre L'Etang - Torchages : LyondellBasell répond aux députés et maires|date=23 February 2021 |url=https://www.laprovence.com/article/ecoplanete/6274222/torchages-lyondellbasell-repond-aux-deputes-et-maires.html |accessdate=19 July 2021}} The concomitant atmospheric pollution includes organic chemical compounds such as carcinogenic benzene, butadiene and toluene. Not only the nearby cities of Vitrolles, Rognac and Marignane suffer from this pollution, but it is also held responsible for the deterioration of the air quality in the city center of Marseille, at an approximate distance of 20 km from LyondellBasell's facility.

Similar concerns were raised about flaring activities on other LyondellBasell sites, e.g. the Corpus Christi facility{{Citation|title=Lyondell Basell routine flaring causes concern for some|url=https://www.youtube.com/watch?v=_S5-R-zdzEI |archive-url=https://ghostarchive.org/varchive/youtube/20211213/_S5-R-zdzEI |archive-date=2021-12-13 |url-status=live|language=en|access-date=2021-07-27}}{{cbignore}} and the Lake Charles facility.{{Cite web|last=Manning|first=Johnathan|title=Heavy flaring at LyondellBasell after power outage|url=https://www.kplctv.com/2021/07/13/heavy-flaring-lyondellbasell-after-power-outage/|access-date=2021-07-27|website=www.kplctv.com|date=13 July 2021 |language=en}}

;North American manufacturing facilities

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• Jurupa Valley, California
• Morris, Illinois
• Tuscola, Illinois
• Clinton, Iowa
• Evansville, Indiana
• Lake Charles, Louisiana
• Lansing, Michigan - Business and Technical Center
• Edison, New Jersey
• Newark, New Jersey
• Akron, Ohio - Technology Center
• Cincinnati, Ohio - Technology Center
• Fairport Harbor, Ohio
• Bayport, Texas
• Beaumont, Texas
• Channelview, Texas
• Chocolate Bayou, Texas
• Corpus Christi, Texas
• Equistar Pipelines, Texas
• Houston, Texas - Refinery, Technology Center
• La Porte, Texas
• Mansfield, Texas
• Matagorda, Texas
• Mont Belvieu, Texas
• Victoria, Texas
• Jackson, Tennessee
• Altamira, Mexico{{Cite web |url=http://www.morrisherald-news.com/2017/05/23/morris-lions-club-chooses-citizen-of-the-year/av8etej/ |title=Morris Lions Club chooses Citizen of the Year |date=25 May 2017 |language=en |access-date=2018-03-24}}{{Cite web |url=http://www.einnews.com/pr_news/382521645/lyondellbasell-receives-five-top-safety-awards |title=LyondellBasell Receives Five Top Safety Awards |date=2017-05-22 |website=EIN News |language=en-US |access-date=2018-03-24}}{{Cite web |url=http://www.expressnews.com/business/eagle-ford-energy/article/Shale-fed-chemical-boom-still-soars-even-as-oil-6502526.php |title=Shale-fed chemical boom still soars even as oil falls |website=San Antonio Express-News |date=14 September 2015 |access-date=2018-03-24}}{{Cite press release |url=https://globenewswire.com/news-release/2016/05/19/841696/10162852/en/AFPM-Safety-Awards-Honor-Industry-Achievements.html |title=AFPM Safety Awards Honor Industry Achievements |last=Manufacturers |first=American Fuel & Petrochemical |website=GlobeNewswire News Room |date=19 May 2016 |language=en-US |access-date=2018-03-24}}

}}

;South American manufacturing facilities

{{columns-list|colwidth=30em|* Manaus, Brazil

• Pindamonhangaba, Brazil[https://www.lyondellbasell.com/en/pindamonhangaba-plant/ Pindamonhangaba, Brazil]
• Rio Claro, São Paulo, Brazil
• Sumare, Brazil}}

;European manufacturing facilities

{{columns-list|colwidth=30em|

• Blandain, Belgium
• Bornem, Belgium
• Fos-sur-Mer, France
• Berre-l'Étang, France
• Bayreuth, Germany
• Frankfurt, Germany - Manufacturing and Technical Center
• Merseburg, Germany
• Münchsmünster, Germany
• Ludwigshafen, Germany
• Wesseling / Knapsack, Germany
• 's-Gravendeel, Netherlands
• Botlek, Netherlands
• Geleen, Netherlands
• Maasvlakte, Netherlands
• Moerdijk, Netherlands
• Rotterdam, Netherlands
• Brindisi, Italy
• Gorla Maggiore, Italy
• Ferrara, Italy - Manufacturing and Technical Center
• Tarragona, Spain
• Carrington, United Kingdom [http://www.lyondellbasell.com/WorldWideLocations/Europe/UnitedKingdom/Carrington/]
• Milton Keynes, United Kingdom [http://www.lyondellbasell.com/WorldWideLocations/Europe/UnitedKingdom/Milton-Keynes/AboutUs/]

}}

;Asian manufacturing facilities

{{columns-list|colwidth=30em|

• Sinnar, Nasik, Maharashtra
• Chennai, Tamil Nadu
• Dalian, China
• Guangzhou, China
• Ningbo, China

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Category:Companies listed on the New York Stock Exchange

Category:Chemical companies of the Netherlands

Category:Chemical companies of the United States

Category:Manufacturing companies based in Houston

Category:Manufacturing companies based in Rotterdam

Category:Companies that filed for Chapter 11 bankruptcy in 2009

Category:Manufacturing companies established in 2007

Category:Multinational companies headquartered in the Netherlands

Category:2010 initial public offerings