HOUSTON, Sept. 26, 2023 /PRNewswire/ -- LyondellBasell
today announced the expansion of its sustainable offerings with the
launch of its +LC (Low Carbon) solutions, a new range of
Intermediates and Derivatives (I&D) chemicals produced under an
International Sustainability and Carbon Certification (ISCC) PLUS
certified mass balance methodology. Sourced from recycled and
renewable feedstocks, these +LC solutions are designed to
support businesses in meeting their greenhouse gas (GHG) emissions
reduction goals while maintaining high-quality applications
essential for modern, sustainable living by offering a lower carbon
footprint than fossil-based alternatives.
"Sustainability is woven into the fabric of our business
strategy," noted Kimberly Foley,
executive vice president, I&D and Refining at LyondellBasell.
"The +LC solutions mark a critical step for our customers as
they increasingly shift towards more ambitious GHG emissions
reduction targets and product circularity. These low-carbon
solutions will use renewable, bio-based and recycled feedstocks
that empower our customers to reduce their Scope 3 GHG emissions.
We have applied our long history of innovation, customer-centric
approach, and focus on sustainability to engineer a product range
that aligns both with our company's and our customers'
sustainability ambitions."
Building on a 70-year legacy of innovation and quality in the
I&D sector, LyondellBasell enhances its already robust
portfolio with the new +LC product range. The products
include core I&D offerings such as styrene monomers, ethylene,
and propylene oxide (PO), with applications in various sectors,
from insulation materials to automotive and consumer goods. This
announcement follows the recent startup of LyondellBasell's
propylene oxide and tertiary butyl alcohol (PO/TBA) plant in
Texas, further cementing the
company's position as a global leader in the I&D sector with
significant annual production capacities. This PO/TBA unit has an
annual capacity of 470 thousand metric tons of PO, as well as one
million metric tons of TBA and its derivatives.
Every product within the +LC range comes with an ISCC+
mass balance certificate, providing traceability throughout the
value chain. The mass balance approach enables renewable and
recycled feedstock to be attributed to the final product when these
feedstocks are blended with conventional raw materials in the
production process. Moreover, Product Carbon Footprint (PCF) data
are available for these products, enabling businesses to directly
compare the carbon footprints of +LC solutions with
traditional fossil-based counterparts. By opting for +LC
products, businesses can now seamlessly integrate sustainability
into their operations without compromising performance, reflecting
a balanced approach to meeting both functional needs and
sustainability objectives.
The +LC solutions are currently available in Europe and the Americas, and plans for
expansion into Asia are set for
early 2024. Offering products based on renewable and recycled
feedstocks as substitutes for fossil feedstocks contributes to the
preservation of fossil resources and the reduction of GHG emissions
from feedstock production.
About LyondellBasell
We are LyondellBasell (NYSE: LYB) – a leader in the global
chemical industry creating solutions for everyday sustainable
living. Through advanced technology and focused investments, we are
enabling a circular and low carbon economy. Across all we do, we
aim to unlock value for our customers, investors and society. As
one of the world's largest producers of polymers and a leader in
polyolefin technologies, we develop, manufacture and market
high-quality and innovative products for applications ranging from
sustainable transportation and food safety to clean water and
quality healthcare. For more information, please visit
https://www.lyondellbasell.com/ or follow @LyondellBasell on
LinkedIn.
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