Profile: LyondellBasell Industries NV (LYB.N)
17 Aug 2017
LyondellBasell Industries N.V., incorporated October 15, 2009, is a global chemical company. The Company manages its operations through five segments: Olefins and Polyolefins-Americas (O&P-Americas); Olefins and Polyolefins-Europe, Asia, International (O&P-EAI); Intermediates and Derivatives (I&D); Refining, and Technology. Its chemicals businesses consist primarily of processing plants that convert liquid and gaseous hydrocarbon feedstocks into plastic resins and other chemicals. Its chemical products tend to be building blocks for other chemicals and plastics, while its plastic products are used in large volume applications. Its customers use its plastics and chemicals to manufacture a range of products that people use in their everyday lives, including food packaging, home furnishings, automotive components, paints and coatings. Its refining business consists of its Houston refinery, which processes crude oil into refined products, such as gasoline, diesel and jet fuel. It produces olefins and polyethylene (PE) and polypropylene (PP). It produces high density polyethylene (HDPE), low density polyethylene (LDPE) and linear low density polyethylene (LLDPE). It produces PP homopolymers, PP impact copolymers and PP random copolymers. PP compounds are produced from blends of polyolefins and additives and are sold to the automotive and home appliances industries.
Olefins and Polyolefins-Americas
The O&P-Americas segment produces and markets olefins and co-products, polyethylene and polypropylene. It uses all of the propylene that it produces in the production of PP, propylene oxide and other derivatives. Its ethylene and propylene production of its Channelview, Corpus Christi and La Porte, Texas facilities is shipped through a pipeline system, which has connections to various the United States Gulf Coast consumers. This pipeline extends from Corpus Christi to Mont Belvieu, Texas. Its PP and PE production is sold through its sales organization to customers and distributors servicing both the domestic and export markets either under annual contracts or on a spot basis. As of December 31, 2016, it participated in a joint venture in Mexico, which provided the Company with capacity for approximately 640 million pounds of PP production.
Olefins and Polyolefins-Europe, Asia, International
The O&P-EAI segment produces and markets olefins and co-products, polyethylene and polypropylene, including PP compounds. Its propylene production is used as a raw material in the production of PP and propylene oxide, and it regularly purchases propylene from third parties because its internal needs exceed its internal production. Its polyolefins are transported in Europe primarily by railcar or truck. It also operates through a network of local sales and representative offices in Europe, Asia and Africa. It participates in various manufacturing joint ventures in Saudi Arabia, Thailand, Poland, Australia and South Korea.
Intermediates and Derivatives
The I&D segment produces and markets propylene oxide (PO) and its derivatives, oxyfuels and related products, and intermediate chemicals, such as styrene monomer (SM), acetyls and ethylene oxides and derivatives. It produces PO through two technologies, one of which yields tertiary butyl alcohol (TBA) as the co-product and the other of which yields SM as the co-product. It produces two ether-based oxyfuels, methyl tertiary butyl ether (MTBE) and ethyl tertiary butyl ether (ETBE). It produces other commodity chemicals that utilize ethylene as a component feedstock, including SM, acetyls and ethylene oxide derivatives. Acetyls consists of methanol, glacial acetic acid (GAA) and vinyl acetate monomer (VAM). Ethylene oxide is an intermediate chemical that is used to produce ethylene glycol, glycol ethers and other derivatives. It sells its PO and its co-products and derivatives through multi-year sales and processing agreements, as well as spot sales. It sells its oxyfuels and related products under market and cost-based sales agreements and in the spot market. Intermediate chemicals are shipped by barge, marine vessel, pipeline, railcar and tank truck.
The primary product of the Company's Refining segment is refined products made from sulfur crude oil and other crude oils of various types and sources available on the United States Gulf Coast. These refined products include gasoline and other distillates. The Houston refinery's products primarily are sold in bulk to other refiners, marketers, distributors and wholesalers at market-related prices. Its Houston refinery is located on the Houston Ship Channel in Houston, Texas.
The Technology segment develops and licenses chemical and polyolefin process technologies and manufactures and sells polyolefin catalysts. The Company markets its process technologies and its polyolefin catalysts to external customers and also use them in its own manufacturing operations. Its polyolefin process licenses are structured to provide a technology, with individual customer needs met by adding customized modules that provide capabilities to produce the production grade slate and plant capacity. In addition to the basic license agreement, a range of services can also be provided, including project assistance, training, assistance in starting up the plant, and ongoing technical support after start-up. It also offers marketing and sales services.
LyondellBasell Industries NV
1221 McKinney St Ste 300
HOUSTON TX 77010-2036
Company Web Links
- BRIEF-LyondellBasell reports second quarter 2017 earnings
- BRIEF-Lyondellbasell increases quarterly dividend by 5.9 pct to $0.90 per share
- BRIEF-Lyondellbasell begins construction of Hyperzone PE plant at its La Porte Complex
- BRIEF-LyondellBasell Q1 profit $2.00/shr from continuing operations
- BRIEF-Lyondellbasell says CEO's compensation was $12.6 mln in 2016