The commitments undertaken by LyondellBasell on the circular economy illustrated by the group's vice president Jim Seward

As for Total , Eni and RadiciGroup , whose plans for a sustainable industrial business have been illustrated in the pages of this blog, LiondellBasell , through its press office, communicates to customers and the market its plans for a production that respects circular economy and sustainability.

LyondellBasell, one of the world's largest plastics, chemicals and refining companies, today released its annual sustainability report with the goal of influencing positive change and focuses on three transformation areas including plastic waste, climate change and thriving societies.

LyondellBasell has announced one of the industry's most ambitious goals to produce and market two million tons of recycled polymers, based on renewable sources, every year by 2030. The report shows LyondellBasell's strategy and ambitions for the next decade.

“LyondellBasell has been on a multi-year journey to advance the circular economy, and we have made great strides in mechanical and advanced recycling, as well as producing renewable-based products,” said Jim Seward, Senior Vice President of Research & Development, Technology and Sustainability.

“Our goals underline what we see possible in the next decade and our sustainability ambitions require us to adapt our business models.

When viewed through the lens of technology and innovation, our track record demonstrates our ability to foster new collaborations and partnerships that benefit society."

The key elements of LyondellBasell's Sustainability Report involve action on several fronts. The company's ambition is to:

• Produce and market two million tonnes of recycled and renewable polymers every year, increase its investments in plastic recovery and recycling, and accelerate solutions to end plastic waste.

• Reduce its CO2 emissions by 15% per tonne of product produced compared to 2015 levels by 2030.

• Promote diversity, inclusion and equity in the workplace by accelerating initiatives, such as building diversity and inclusion (D&I) into our employee programs, implementing the D&I officer position, and engaging a cross-section of leaders to serve by D&I Council.

• Join industry colleagues American Chemistry Council and Plastics Europe to ensure 100% of plastic packaging is reused, recycled or recovered by 2040.

Additionally, the company continues to increase recycling and work collaboratively across the value chain, as evidenced by LyondellBasell CEO Bob Patel's instrumental role in launching the Alliance to End Plastic Waste and continued involvement as an officer of the organization .

LyondellBasell is also developing advanced recycling with its MoReTec technology, has expanded its mechanical recycling product offerings and color offerings through its 50/50 joint venture, Quality Circular Polymers (QCP), has improved the design of plastic to increase recyclability and worked with brand owners to increase product recyclability.

Finally, the company achieved the first parallel production of polypropylene (PP) and low-density polyethylene (LDPE) based on renewable raw materials on a commercial scale.

LyondellBasell's sustainability report is available on the company's website at https://www.lyondellbasell.com/en/sustainability/.

Photography: Lyondellbasell