01.11.2011

LyondellBasell's Q3 Profit Doubles

LyondellBasell's third-quarter profit nearly doubled, widely beating Wall Street's expectations, on strong chemical and oil refining margins. The company benefited from higher prices for certain types of crude oil, as well as higher efficiency at its flagship Houston refinery, which had been under repairs. more08.06.2011

LyondellBasell to Buy Houston Pipeline From BP

LyondellBasell Industries said its Equistar Chemicals unit had agreed to buy about 200 miles of pipeline near Houston from BP. Terms of the deal were not released. more06.06.2011

Timothy D. Roberts Named LyondellBasell's Senior Vice President, Olefins and Polyolefins Americas

LyondellBasell has appointed Tim Roberts has been named senior vice president, Olefins and Polyolefins for the Americas region. He will be based in Houston. Roberts most recently served as vice president of Planning and Development for Chevron Phillips Chemical.   more21.01.2011

Strategy Development in the Chemical Industry in China

Strategy Development in the Chemical Industry in China - From a Western perspective, business strategies should be based on two perspectives: an external and an internal one. Differences - From a Western perspective, business strategies should be based on two perspectives: an external and an internal one. The external perspective covers all aspects of the outside world, while the internal perspective focuses on the specifics of the company developing the strategy. more20.01.2011

Supplier Controls in the Healthcare Industry

Poor Controls - In the past five years, several contaminated products have led to patient and end-user injuries and death globally. In 2007, there was diethylene-glycol contaminated toothpaste, and millions of toys were recalled due to lead contamination. In 2008, contaminated heparin was recalled by the U.S. Food and Drug Administration (FDA) and melamine-contaminated milk caused thousands of adverse events and several infant deaths. Investigations into the causes of these adverse events found that, among other reasons, inadequate or poor supplier controls were a factor. more23.12.2010

LyondellBasell Sells Flavors and Fragrances Business to Pinova Holdings

LyondellBasell has sold its Flavors & Fragrances business to Pinova Holdings. "This divestiture is consistent with our objective to focus on developing our core businesses of olefins and polyolefins, intermediates and derivatives, and refining and oxyfuels," said LyondellBasell CEO Jim Gallogly. LyondellBasell said the transaction results in after-tax proceeds of approximately $150 million. more25.08.2010

Lyondellbasell to End Iran Operations

Specialty chemicals giant Lyondellbasell Industries will end its operations in Iran to avoid penalties the U.S. could soon impose on companies for violating trade sanctions, the Wall Street Journal said. Lyondell's board approved the decision to end its Iranian operations in early August after months of deliberation, David Harpole, a spokesman for Lyondellbasell, told the Journal. more17.08.2010

Lyondellbasell Posts Profit After Bankruptcy Exit

Plastics and chemical company LyondellBasell Industries NV, which just emerged from Chapter 11 bankruptcy, posted a second-quarter profit on Monday, sending its stock up nearly 5%. But the Rotterdam, Netherlands-based company said the long-term fundamentals for the industry had not changed appreciably, despite strong U.S. ethylene margins and improved results in European olefins and polyolefins. more22.07.2010

LyondellBasell Names New Supervisory Board Members

LyondellBasell announced that Milton Carroll, Bruce A. Smith and Rudy van der Meer have been named to the company's supervisory board. In addition, Marvin O. Schlanger has been named chairman of the board. more14.07.2010

Never Waste a Crisis

Resilience - The 16 months Lyondellbasell spent in Chapter11 was a time of belt tightening and strategic rethinking. Having emerged from bankruptcy in April with a net debt load reduced from over $24 billion to approximately $5 billion and a new top holding company - Lyondellbasell Industries NV - the company is planning a public listing on the New York Stock Exchange in Q3 of this year. more