For the third consecutive year, LyondellBasell (NYSE: LYB), the operator of the Clinton Complex has once again been named to Fortune Magazine's "World's Most Admired Companies”. LyondellBasell is ranked 5th and is viewed as having one the strongest reputations across a variety of industry sectors.
“There is no single measure to earn this recognition and making the list for the third consecutive year highlights the outstanding work of our staff,” said Yarelis Hernandez, Clinton site manager. “We know we must continue advancing the world we live in through growth and innovation, coupled with the commitment and diligence of our exceptional employees and contractors.”
Fortune Magazine’s “World’s Most Admired” list identifies the world’s most respected companies, as ranked by peers, board members and financial advisors on the company’s performance in nine key areas. These include the ability to attract and retain talent, the quality of management, social responsibility, innovation, quality of products and services, use of corporate assets, financial soundness, long-term investment value and global competitiveness.
In 2019, LyondellBasell:
▪ successfully completed a turnaround safely, providing an economic boost of $26.8 million to Clinton and the surrounding area; ▪ played a leadership role in creating and launching the first global, cross-value chain Alliance to End Plastic Waste; ▪ collaborated with Samsonite to create a suitcase collection made of 100 percent post-consumer plastic waste provided through our Quality Circular Polymers joint venture with SUEZ; ▪ advanced our molecular recycling capabilities and announced the construction of a small-scale pilot plant in Ferrara, Italy to convert post-consumer plastic waste into feedstock; ▪ successfully produced plastics at commercial scale using sustainable bio-based raw materials, such as waste and residue oils in collaboration with Neste; ▪ announced Memoranda of Understanding to form two joint ventures in China which will produce chemicals used in a variety of applications including construction materials, packaging and furnishings
“Credit for this recognition goes to our employees who work tirelessly to operate safely, responsibly and deliver products that meet or exceed our customers’ needs,” said Bob Patel, CEO of LyondellBasell. “In 2020 we remain focused on the startup of our Hyperzone polyethylene plant which uses our new proprietary technology, continuing construction of our Propylene Oxide / Tertiary Butyl Alcohol (PO/TBA) plant in Texas, and delivering an outstanding value proposition for our customers and shareholders.”
About LyondellBasell’s Clinton Plant With approximately 400 employees and contractors, and covering an area of almost 239 acres, the Clinton Complex is one of the largest chemical plants in Iowa. Using natural gas liquids as a feedstock, the plant manufactures ethylene, the world’s most widely-used petrochemical, which is then converted into polyethylene plastic resins. These resins are the building blocks for products such as leak-proof and shatter-proof containers for industrial and household chemicals, packaging that protects food from spoilage and contamination, and children’s toys that are safe and durable.
About LyondellBasell LyondellBasell (NYSE: LYB) is one of the largest plastics, chemicals and refining companies in the world. Driven by its employees around the globe, LyondellBasell produces materials and products that are key to advancing solutions to modern challenges like enhancing food safety through lightweight and flexible packaging, protecting the purity of water supplies through stronger and more versatile pipes, improving the safety, comfort and fuel efficiency of many of the cars and trucks on the road, and ensuring the safe and effective functionality in electronics and appliances. LyondellBasell sells products into more than 100 countries and is the world's largest producer of polypropylene compounds and the largest licensor of polyolefin technologies. In 2020, LyondellBasell was named to Fortune Magazine's list of the "World's Most Admired Companies" for the third consecutive year. More information about LyondellBasell can be found at www.lyondellbasell.com.