Profile: LyondellBasell Industries NV (LYB.N)
23 Sep 2016
LyondellBasell Industries N.V., incorporated on October 15, 2009, is a global chemical company. The Company is a producer of olefins, including ethylene and propylene, and polyethylene (PE). The Company operates through five segments, which include Olefins and Polyolefins-Americas (O&P-Americas), Olefins and Polyolefins-Europe, Asia, International (O&P-EAI), Intermediates and Derivatives (I&D), Refining, and Technology. The Company produces polypropylene (PP) and PP compounds. The Company's chemicals businesses consist primarily of processing plants that convert liquid and gaseous hydrocarbon feedstocks into plastic resins and other chemicals. Its customers use its plastics and chemicals to manufacture a range of products, including food packaging, home furnishings, automotive components, paints and coatings. The Company's refining business consists of its Houston refinery, which processes crude oil into products, such as gasoline, diesel and jet fuel.
Olefins and Polyolefins-Americas segment
The Company's O&P-Americas segment produces and markets olefins, polyolefins, aromatics, specialty products and ethylene co-products. In addition, it produces specialty products including Catalloy and Plexar resins. The Company is a purchaser of propylene, a raw material used in the production of propylene oxide (PO), PP and other derivatives. It purchases ethylene and butadiene for resale. Its PP and PE production is sold through its sales organization to a base of customers and distributors servicing both the domestic and export markets.
Olefins and Polyolefins-Europe, Asia, International segment
The Company's O&P-EAI segment produces and markets olefins, including ethylene and ethylene co-products, and polyolefins. In addition, the Company produces specialty products, such as Catalloy process resins and polybutene-1 (PB-1). The Company's O&P-EAI segment manages its PP compound business, including its PP compounds facilities in North and South America; PB-1 business, and its Catalloy process resins produced in Europe. Its propylene production is used as a raw material in the production of PO and PP. It participates in manufacturing joint ventures in Saudi Arabia, Thailand, Poland, Australia, Japan and South Korea. Its regional sales offices are in various locations, including The Netherlands, Hong Kong, China, India, Australia and the United Arab Emirates. It also operates through a network of local sales and representative offices in Europe, Asia and Africa.
Intermediates and Derivatives segment
The Company's I&D segment produces and markets PO and its co-products and derivatives; acetyls, including methanol, ethylene oxide (EO) and its derivatives; ethanol, and oxyfuels, including methyl tertiary butyl ether (MTBE) and ethyl tertiary butyl ether (ETBE). The Company's PO co-products include styrene monomer (SM) and C4 chemicals, such as tertiary butyl alcohol (TBA), which is used to make oxyfuels, isobutylene and tertiary butyl hydro peroxide (TBHP). Its PO derivatives include propylene glycol (PG), propylene glycol ethers (PGE) and butanediol (BDO). It produces PO through over two technologies, one of which yields TBA as the co-product and the other of which yields SM as the co-product. Its acetyls business uses methanol, which it produces internally, as a raw material for the production of acetic acid, solvents and MTBE.
The Company's Houston refinery, which is located on the Houston Ship Channel in Houston, Texas, has a high-sulfur crude oil processing capacity of approximately 268,000 barrels per day. The primary products of the Company's Refining segment include gasoline and components, ultra-low sulfur diesel, jet fuel, lube oils and aromatics. These products are used as intermediate chemicals, aviation fuels, automotive fuels, and diesel fuels for cars and trucks.
The Company's Technology segment develops and licenses chemical, polyolefin and other process technologies and provides associated engineering and other services. The Company's Technology segment also develops, manufactures and sells polyolefin catalysts. The Company markets its process technologies and its polyolefin catalysts to external customers and also uses them in its own manufacturing operations. The Company is a licensor of polyolefin process technologies. It also licenses a portfolio of chemical process technologies in the fields of olefin recovery, olefin conversion, aromatics extraction and acetyls.
LyondellBasell Industries NV
1221 McKinney St Ste 700
HOUSTON TX 77010-2045
Company Web Links
- Lyondell Houston FCCU production reduced due to repairs: sources
- Lyondell Houston refinery VDU shut by pump failure: sources
- PRESS DIGEST- New York Times business news - Sept 13
- BRIEF-LyondellBasell to build polyethylene plant at La Porte, Texas
- Saudi Aramco-Motiva in lead to buy Lyondell's Houston refinery: sources