LyondellBasell Industries (LYB) is at the forefront of promoting a circular and low-carbon economy by utilizing innovative materials and recycling technologies. The company’s sustainability initiatives encompass three primary areas: ending plastic waste, taking climate action, and supporting a thriving society. By collaborating with suppliers and logistic providers, LYB aims to reduce Scope 3 emissions. One example of this collaboration is the electric furnace project with Technip Energies and Chevron Phillips Chemical Company (CPChem), which can significantly reduce greenhouse gas emissions.
LYB’s commitment to ending plastic waste involves increasing the recovery and recycling of plastic, expanding its own recycling capacity, and developing advanced recycling technologies like MoReTe c. The company’s Circulen brand offers a range of recycled and renewable-based products, and LYB actively advocates for effective plastic waste management policies. In addition, LYB is dedicated to supporting a thriving society, promoting diversity and inclusion within its culture, and ensuring a safe and adaptable workplace for its employees.
LYB has an ambitious goal of producing and marketing two million metric tons of recycled and renewable-based polymers annually by 2030. The company’s efforts in reducing Scope 3 emissions through collaboration, investing in electric furnace technology, and developing hybrid fuel barges demonstrate its commitment to sustainability and innovation. LYB’s dedication to ending plastic waste through increased recycling capacity, Circulen products, and policy advocacy highlights its leadership in this critical area. By embracing a circular economy and taking climate action, LYB is paving the way for a more sustainable future.
