LyondellBasell Sustainability Report Sets Ambitious Plastic Waste Targets
LyondellBasell Sustainability Report Sets Ambitious Plastic Waste Targets |
[28-September-2020] |
HOUSTON and ROTTERDAM, Netherlands, Sept. 28, 2020 /CNW/ -- LyondellBasell (NYSE: LYB), one of the largest plastics, chemicals and refining companies in the world, today released its annual Sustainability Report with the aim of affecting positive change and is focused on three transformational areas including plastic waste, climate change, and thriving societies. LyondellBasell announced one of the most ambitious goals of the industry to produce and market two million metric tons of recycled and renewable-based polymers annually by 2030. The report showcases LyondellBasell's strategy and ambitions for the next decade. "LyondellBasell has been on a multi-year journey to advance the circular economy, and we have made strides in mechanical and advanced recycling, as well as producing renewable-based products," said Jim Seward, Senior Vice President Research and Development, Technology and Sustainability. "Our goals underscore what we see possible in the next decade, and our sustainability ambitions require us to adapt our business models. When viewed through the lens of technology and innovation, our track record demonstrates our capacity to advance new collaborations and partnerships for the benefit of society." Key elements of the LyondellBasell's Sustainability Report involve taking action on several fronts. It is the company's ambition to:
Additionally, the company continues to increase recycling and work collaboratively across the value chain as evidenced by LyondellBasell CEO Bob Patel's instrumental role in the launch of the Alliance to End Plastic Waste and continued involvement as an officer of the organization. LyondellBasell is also developing advanced recycling with its MoReTec technology, has expanded its mechanical recycling product grades and color offerings through its 50/50 joint venture, Quality Circular Polymers (QCP), improved the design of plastics to increase recyclability, and worked with brand owners to increase product recyclability. Lastly, the company achieved the first parallel production of polypropylene (PP) and low-density polyethylene (LDPE) made from renewable raw materials at commercial scale. LyondellBasell's sustainability report is available on the company website at https://www.lyondellbasell.com/en/sustainability/. View the "We see possible" video by clicking here to better understand the LyondellBasell's approach to sustainability. About LyondellBasell
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Company Codes: NYSE:LYB |
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