LyondellBasell Publishes Sustainability Report

LyondellBasell recently released its 2021 Sustainability Report, which outlines the company's goals in helping to reduce plastic waste in the environment, combat climate change and support a prosperous society.

Sustainability reports include: Pathways to meeting the company's greenhouse gas (GHG) reduction goals; plans to accelerate the recycling of plastics through mechanical recycling and advanced recycling technologies, and the use of renewable feedstocks; use sustainability criteria to assess the company's major New goals for suppliers; commitment to building a new Diversity, Equity, and Inclusion (DEI) culture, including setting more ambitious goals.

Kenneth Lane, LyondellBasell's interim chief executive, said achieving goals for more circular, sustainable plastics and carbon reduction was critical to LyondellBasell's long-term success. This helps create a better future for the company's employees and communities, and drives customers towards sustainability goals.

In 2021, LyondellBasell has joined a number of collaborative platforms to continue to drive the company's sustainability strategy. They partnered with a plastics raw material management company with the goal of increasing the recycling rate of plastics from 10% to 90%; joined the Together for Sustainability (TfS) initiative of chemical companies to drive improvements in sustainable supply chains; Houston joins 10 industry peers to support large-scale development of carbon capture and storage technologies. In addition, LyondellBasell will promote capital investment in circular economy-related funds.