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MOSCOW (MRC) -- The Federal Reserve
Bank of Dallas has appointed LyondellBasell CEO Bob Patel to its Houston branch
board of directors for a term ending 31 December 2023, according to Chemweek.
Patel has served as
LyondellBasell CEO since 2015. Patel also serves on the board of Union Pacific.
As MRC reported
previously, in early December 2020, LyondellBasell, one of the world's
largest plastics, chemicals and refining companies, announced it had joined
the United Nations (U.N.) Global Compact, the world's largest corporate
sustainability initiative. Under the U.N. Global Compact, signatories are
encouraged to align their operations and strategies with key principles on human
rights, labor and anti-corruption.
We remind that in September 2020,
LyondellBasell announced that
Duqm Refinery and Petrochemical Industries Company LLC (DRPIC) selected
LyondellBasell's world-leading polypropylene (PP) and high-density polyethylene
(HDPE) technologies for a new facility. The new plants will comprise of a PP
plant that will utilize LyondellBasell's Spheripol PP process technology to
produce 280,000 metric tons per year (m.t./yr) of PP and a 480-m.t./yr
high-density polyethylene (HDPE) plant which will utilize LyondellBasell's
Hostalen ACP process technology and will be built in Al Duqm,
Oman.
According to MRC's ScanPlast report,
Russia's estimated polyethylene (PE) consumption totalled 1,990,280 tonnes in
the first eleven months of 2020, up by 1% year on year. Only high density
polyethylene (HDPE) shipments increased. At the same time, polypropylene (PP)
shipments to the Russian market reached 1 090,900 tonnes in the first eleven
months of 2020 (calculated using the formula: production, minus exports, plus
imports, excluding producers' inventories as of 1 January, 2020). Supply of
exclusively PP random copolymer increased.
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. |
