MOSCOW (MRC) -- LyondellBasell, one of the largest plastics, chemicals and refining companies in the world, has announced Kenneth (Ken) Lane will assume the role of executive vice president, Global Olefins & Polyolefins (O&P) effective July 15, as per the company's press release.
Lane will have responsibility for the O&P Americas and O&P Europe Asia International (EAI) segments, reporting to Chief Executive Officer Bob Patel.
"Ken brings a unique perspective and set of skills to the table. He has worked around the globe and gained valuable experience in all facets of our business including manufacturing, marketing, mergers and acquisitions, profit and loss management and strategy," said Patel. "His proven track record in value creation will enable LyondellBasell to further build upon the very solid foundation that is today's O&P business."
Prior to joining LyondellBasell, Lane held a variety of positions with BASF, including president of the Monomers Division and president of BASF Catalysts. Before BASF, Lane also held a number of positions with BP Chemicals. Lane earned a Bachelor of Science in civil engineering from Clemson University and a Master of Science in management from the University of Alabama.
Lane will be based in Houston, Texas.
As MRC wrote previously, in August 2016, LyondellBasell made the final investment decision to build a high density polyethylene (HDPE) plant on the US Gulf Coast. The plant will have an annual capacity of 1.1 billion pounds (500,000 metric tons) and will be the first commercial plant to employ LyondellBasell's new proprietary Hyperzone PE technology. The start-up of the new plant is scheduled for 2019.
LyondellBasell is one of the largest plastics, chemicals and refining companies in the world. Driven by its 13,000 employees around the globe, LyondellBasell produces materials and products that are key to advancing solutions to modern challenges like enhancing food safety through lightweight and flexible packaging, protecting the purity of water supplies through stronger and more versatile pipes, and improving the safety, comfort and fuel efficiency of many of the cars and trucks on the road. LyondellBasell sells products into approximately 100 countries and is the world's largest licensor of polyolefin technologies.
MRC