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LYONDELLBASELL INDUSTRIES N.V.

(LYB)
  Report
Delayed Nyse  -  04:03 2022-12-07 pm EST
81.67 USD   -0.77%
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Sustainable Surface Protection, LyondellBasell, Granger and Novacel make it happen

09/22/2022 | 08:47am EST

Rotterdam - Value chain collaboration is leading to a more sustainable end product developed with renewable based resources.

Polymer manufacturer LyondellBasell (NYSE: LYB), converter Granger Freres SAS and the expert in surface solutions, Novacel, have worked together to develop protective films using polyethylene (PE) polymers made from renewable resources, based on a mass balance approach. They are commercialized under the name 'OXYGEN vegetal' and can be used on all types of surfaces, ranging from glass and metal to plastic and laminates.

The LyondellBasell CirculenRenew polymers are the starting point for this new film development. CirculenRenew polymers are made with renewable-based materials from bio-based resources, such as used cooking oil, and are not in competition with the food chain. CirculenRenew polymers generate fewer greenhouse gas emissions through the product lifecycle (cradle-to-gate), resulting in a comparatively lower carbon footprint.

'Our customers appreciate the excellent, even quality for our CirculenRenew polymers which offer the same product performance as traditional plastics, making it an easy alternative to replace traditional plastics,' says Paula Sanabria-Luque, Associate Director Circular Polymer Solutions Europe at LyondellBasell. 'CirculenRenew polymers do not require changes in an existing manufacturing process, which make them easy to use. But most importantly, they allow our customers Granger and Novacel to produce a market leading end product that embraces the use of renewable resources.'

'We are very proud of our fruitful collaboration with LyondellBasell and Granger Freres for the development of our new Oxygen Vegetal range, the first bio-based range of protective films on the market', said Benjamine Proisy, Novacel Marketing director.

Novacel's teams are committed to preserve everything that holds value by creating a responsible industrial community and doing its best in all their operations while respecting the planet. Pursuing this objective, Novacel enables its customers to reduce their production waste by using protective films and thus reducing their CO2 footprint. Some of them can indeed have up to 100% waste without them. Novacel goes now further, by proposing eco-designed and more sustainable products with the Oxygen range.

'Thanks to the performance of LyondellBasell's CirculenRenew polymers and the long-term partnership with Granger Freres, we created the Oxygen Vegetal range, notably the Vegetal version of Novacel best seller 4228REF for LASER cutting process,' said Benjamine Proisy. 'Through the Mass Balance approach, we now propose an eco-designed product with exactly the same characteristics as the standard one, but with 30% lower CO2 footprint than standard films.'

About LyondellBasell

As a leader in the global chemical industry, LyondellBasell strives every day to be the safest, best operated and most valued company in our industry. The company's products, materials and technologies are advancing sustainable solutions for food safety, access to clean water, healthcare and fuel efficiency in more than 100 international markets. LyondellBasell places high priority on diversity, equity and inclusion and is Advancing Good with an emphasis on our planet, the communities where we operate and our future workforce. The company takes great pride in its world-class technology and customer focus. LyondellBasell has stepped up its circularity and climate ambitions and actions to address the global challenges of plastic waste and decarbonization. In 2022, LyondellBasell was named as one of FORTUNE Magazine's 'World's Most Admired Companies' for the fifth consecutive year.

About Granger

Granger is a family owned company located in the South East of France, specialized in coextruded blown films. Thanks to its long time expertise, its close relations with raw material suppliers and customers, and state of the art equipment, Granger is able to answer market demand for technical films.

GRANGER has been working for several years on circularity and carbon footprint reduction by development of polyolefin films incorporating post-consumer recycled materials or bio based resins (GRANGER is ISCC+ certified) and downgauging through MDO technology.

About Novacel

Chargeurs Protective Films, known as Novacel and owned by Chargeurs Group, is the world leader for adhesive solutions. Stainless steel, pre-coated metals, aluminum, plastics sheet, glass, as well as all delicate products which appearance is essential, are likely to use those products.

Headquartered near Rouen, France, Novacel is present on all five continents and works as close as possible to its customers around the world to deliver tailor-made products and services. Thanks to its broad technical expertise, Novacel offers a complete range of high-performance products in this cutting-edge market.

Innovation is one of Novacel strategic priorities. In its four Research & Development laboratories, experts are committed to the continuous improvement of the performance, durability, quality and recyclability of its products.

Contact:

Jasmin Bisch

Tel: +32 471 841 438

Email: jasmin.bisch@lyb.com

(C) 2022 Electronic News Publishing, source ENP Newswire

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Financials (USD)
Sales 2022 51 066 M - -
Net income 2022 3 991 M - -
Net Debt 2022 10 384 M - -
P/E ratio 2022 6,64x
Yield 2022 5,73%
Capitalization 26 594 M 26 594 M -
EV / Sales 2022 0,72x
EV / Sales 2023 0,80x
Nbr of Employees 19 100
Free-Float 74,8%
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Number of Analysts 25
Last Close Price 81,67 $
Average target price 87,65 $
Spread / Average Target 7,32%
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Peter Vanacker Chief Executive Officer & Director
Michael C. McMurray CFO, Principal Accounting Officer & Executive VP
Jacques Aigrain Chairman
James Seward Chief Innovation Officer & Executive VP
Jagjeet Singh Bindra Independent Director
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