Edited from: “A new global leader” LyondellBasell, “strategic fit presentation”
LyondellBasell key strategy includes:
(1) Long-term, strategic investor focused on building world scale, world class businesses;
(2) Investment in business models which generate significant free cash flow;
(3) Successful Middle East and Asian joint venture strategy;
(4) Partner with strong, proven management teams;
(5) Provide strategic direction and capital for long-term growth; and
(6) A stable private capital base that provides strategic advantages versus more constrained pools of
capital, like private equity funds or public markets.
It will also focus on the following themes:
(1) Value chain integration;
(2) Participate in petrochemicals from refining through to specialised end uses;
(3) Extract value from optimisation across fuels, chemicals and polymers; and
(4) Upgrade cost-advantaged feedstocks using superior refinery and cracker flexibility.
(1) Drive personal and process safety;
(2) Achieve continuous cost and reliability improvement;
(3) Optimise manufacturing footprint; and
(4) Realise operational synergies.
Customer and market focus
(1) Add value by using optimal channels to market and providing customised service levels; and
(2) Strengthen the differentiated business.
(1) Continue technology licensing leadership and increase share of specialities;
(2) Be the partner of choice for new projects in attractive markets and geographies; and
(3) Continue to invest in R&D to develop innovative technologies and enhance product portfolio.
Please also see INSIGHT: LyondellBasell PP closure reflects market realities on ICIS news.
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Financial highlights: LyondellBasell, year ended 31 December
Results for 2010 represent the combined predecessor (1 Jan 2010 – 30 April 2010) and successor (1 May 2010 – 31 Dec. 2010) periods. The predecessor and successor periods are not necessarily comparable.
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LyondellBasell claims to be one of the world’s largest polymers, petrochemicals and fuels companies and a global leader in polyolefins technology, production and marketing; a pioneer in propylene oxide (PO) and derivatives; and a significant producer of fuels and refined products, including biofuels. On 20 December 2007, Lyondell and Basell completed its $19.4bn (Euro13.6bn) merger, forming LyondellBasell Industries.
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