London +4420 814 42225
Moscow +7495 543 9194
Kiev +38044 599 2950
info@mrcplast.com

Our Clients

Order Informer

 
Home > News >
 

LyondellBasell donates USD1.3 mln to combat hunger during COVID-19 pandemic

May 22/2020

MOSCOW (MRC) -- LyondellBasell, one of the largest plastics, chemicals and refining companies in the world, has recently announced a USD1.3 million donation to support the COVID-19 response efforts of the Global FoodBanking Network and United States local food banks, according to the company's press release.

"Even in the best of times, hunger and food insecurity is a challenge. The COVID-19 pandemic has made this need even more severe as food banks around the world have experienced an increase in demand and a decline in food donations," said LyondellBasell CEO Bob Patel. "In addition to the work our team is doing to supply materials that are used in medical applications, we wanted to help those who are finding it difficult to put food on the table by supporting these vitally important organizations."

LyondellBasell's donation will support food banks in 17 countries and communities where the company has major operations.

"The pandemic has disrupted various facets of our lives and millions of people, many who have not needed relief before, are depending on our food banking organizations to keep food on the table," said Lisa Moon, President and CEO of The Global FoodBanking Network. "Our network of food banks all over the world is on the front lines of this international pandemic. LyondellBasell's support will help ease the strain food banks are currently feeling and help us reach more people facing hunger during this difficult time. "

Donating funds to supply food for those in need is just one way LyondellBasell has responded during this pandemic. The company recently donated isopropyl alcohol to Huntsman for production of 5-tons of hand sanitizer to help protect health care workers treating COVID-19 patients.

Additionally, LyondellBasell's materials are found in many applications critical to protecting and preserving health and safety such as medical devices, protective equipment, cleaning products, and various pharmaceutical applications. The company continues to supply its customers with a variety of materials including polypropylene resins, which are used to produce melt-blown fibers that provide filtration in facemasks; masterbatch products are used in breathable films for protective suits; and, polypropylene, ethylene oxide, and propylene oxide are used to make medical syringes, medical test kits, soaps, disinfectants, and many other products.

As MRC reported earlier, global petrochemical producer LyondellBasell has reduced rates across its system to accommodate lower demand wrought by shutdowns around the globe to stem the spread of the coronavirus pandemic, said the company's CEO Bob Patel. LyondellBasell's overall global petrochemical and refining assets were expected to operate at 60% to 80% of nameplate capacity through the second quarter, Patel said during the company's first-quarter earnings call. European crackers were seen running at 80% to 85%, while US crackers were expected to run at about 75%, he said.

We also remind that to further aid in the fight against the COVID-19 pandemic, LyondellBasell (LBI) donated a key ingredient to Huntsman Corporation to produce hand sanitizer for US first responders.

Ethylene and propylene are feedstocks for producing polyethylene (PE) and polypropylene (PP).

According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 557,060 tonnes in the first three month of 2020, up by 7% year on year. High density polyethylene (HDPE) and linear low density polyethylene (LLDPE) shipments rose because of the increased capacity utilisation at ZapSibNeftekhim. Demand for LDPE subsided. At the same time, PP shipments to the Russian market was 267,630 tonnes in January-March 2020, down 20% year on year. Homopolymer PP and PP block copolymers accounted for the main decrease in imports.

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.


mrcplast.com
Author:Margaret Volkova
Tags:Europe, PP, PE, LLDPE, PP block copolymer, homopolymer PP, propylene, LDPE, HDPE, ethylene, Huntsman, LyondellBasell, Rossiya, USA.
Category:General News
|
| More

Leave a comment

MRC help

 


 All News   News subscribe