Lyondell Chemical Company
Encyclopedia
LyondellBasell Industries is a public multinational chemical company based in Rotterdam
, Netherlands. It was formed in December 2007 by the acquisition of Lyondell Chemical Company by Basell Polyolefins
for $12.7 billion. LyondellBasell was listed on the New York Stock Exchange on October 14, 2010 ( and ). Lyondell was delisted from the New York Stock Exchange (formerly ) after the acquisition. LyondellBasell is headquartered in Rotterdam, Netherlands, and has its corporate center at 1 Houston Center in Houston, Texas
.
LyondellBasell's United States operations filed for Chapter 11 bankruptcy protection
in January 2009 and emerged from bankruptcy in April 2010.
), the company grew through stock swaps with Occidental Chemicals
and Millennium Chemicals
in 1997 which formed Equistar Chemicals of which each entity were partners. Lyondell purchased the outstanding shares from each of its partners to gain total control of Equistar which is a wholly owned subsidiary of Lyondell. In 2004, Lyondell purchased Millennium Chemicals in a stock-swap deal at $2.3 billion. In August, 2006, Lyondell acquired Citgo's interest in the Lyondell-Citgo Refinery for $2.1 billion, and renamed the facility Houston Refining
. Lyondell operated in five continents employing over 11,000 people. Lyondell became LBI in 2007 when it was purchased by Basell Polyolefins. It is the global leader in propylene oxide
production and the largest North American supplier of styrene monomer. Other products include ethylene
, ETBE
, polyethylene
, and polypropylene
.
purchased Lyondell on Thursday, 20 December 2007, creating the new company LyondellBasell Industries AF S.C.A. Basell Polyolefins is owned by Access Industries
, a privately held, U.S.-based industrial group. LyondellBasell is the third largest independent chemical manufacturer in the world and is headquartered in Rotterdam
, The Netherlands. Sales in 2008 were $50.7 billion. The company has 60 manufacturing sites in 19 countries and 15,000 employees.
In November 2009, Reliance Industries (controlled by Mukesh Ambani) bid $12 billion for LBI. In February 2010, Reliance raised its offer to $14.5 billion. The offer was rejected.
Rotterdam
Rotterdam is the second-largest city in the Netherlands and one of the largest ports in the world. Starting as a dam on the Rotte river, Rotterdam has grown into a major international commercial centre...
, Netherlands. It was formed in December 2007 by the acquisition of Lyondell Chemical Company by Basell Polyolefins
Basell Polyolefins
Basell Polyolefins was a joint venture between BASF and Royal Dutch Shell. Leonard Blavatnik's Access Industries acquired it from the venturers for $5.7 billion in August 2005...
for $12.7 billion. LyondellBasell was listed on the New York Stock Exchange on October 14, 2010 ( and ). Lyondell was delisted from the New York Stock Exchange (formerly ) after the acquisition. LyondellBasell is headquartered in Rotterdam, Netherlands, and has its corporate center at 1 Houston Center in Houston, Texas
Houston, Texas
Houston is the fourth-largest city in the United States, and the largest city in the state of Texas. According to the 2010 U.S. Census, the city had a population of 2.1 million people within an area of . Houston is the seat of Harris County and the economic center of , which is the ...
.
LyondellBasell's United States operations filed for Chapter 11 bankruptcy protection
Chapter 11, Title 11, United States Code
Chapter 11 is a chapter of the United States Bankruptcy Code, which permits reorganization under the bankruptcy laws of the United States. Chapter 11 bankruptcy is available to every business, whether organized as a corporation or sole proprietorship, and to individuals, although it is most...
in January 2009 and emerged from bankruptcy in April 2010.
Lyondell Chemical Company
Lyondell Chemical Company was the third largest independent chemical manufacturer in the United States. Since its establishment in 1985 from facilities belonging to the Atlantic Richfield Company (ARCOARCO
Atlantic Richfield Company is an oil company with operations in the United States as well as in Indonesia, the North Sea, and the South China Sea. It has more than 1,300 gas stations in the western part of the United States. ARCO was originally formed by the merger of East Coast-based Atlantic...
), the company grew through stock swaps with Occidental Chemicals
Occidental Petroleum
Occidental Petroleum Corporation is a California-based oil and gas exploration and production company with operations in the United States, the Middle East, North Africa, and South America...
and Millennium Chemicals
Millennium Chemicals
Millennium Inorganic Chemicals is a Hunt Valley, MD based chemical company.The business was established in 1985. It was a subsidiary of British conglomerate Hanson plc at one time, but was demerged on 1 October 1996, when it became an independent listed company...
in 1997 which formed Equistar Chemicals of which each entity were partners. Lyondell purchased the outstanding shares from each of its partners to gain total control of Equistar which is a wholly owned subsidiary of Lyondell. In 2004, Lyondell purchased Millennium Chemicals in a stock-swap deal at $2.3 billion. In August, 2006, Lyondell acquired Citgo's interest in the Lyondell-Citgo Refinery for $2.1 billion, and renamed the facility Houston Refining
Houston Refining
Houston Refining formerly known as Lyondell-Citgo Refining . The refinery is located on the Texas Gulf Coast in Houston, covering nearly along the Houston Ship Channel.-History:...
. Lyondell operated in five continents employing over 11,000 people. Lyondell became LBI in 2007 when it was purchased by Basell Polyolefins. It is the global leader in propylene oxide
Propylene oxide
Propylene oxide is an organic compound with the molecular formula CH3CHCH2O. This colourless volatile liquid is produced on a large scale industrially, its major application being its use for the production of polyether polyols for use in making polyurethane plastics...
production and the largest North American supplier of styrene monomer. Other products include ethylene
Ethylene
Ethylene is a gaseous organic compound with the formula . It is the simplest alkene . Because it contains a carbon-carbon double bond, ethylene is classified as an unsaturated hydrocarbon. Ethylene is widely used in industry and is also a plant hormone...
, ETBE
ETBE
Ethyl tert-butyl ether is commonly used as an oxygenate gasoline additive in the production of gasoline from crude oil. ETBE offers equal or greater air quality benefits than ethanol, while being technically and logistically less challenging...
, polyethylene
Polyethylene
Polyethylene or polythene is the most widely used plastic, with an annual production of approximately 80 million metric tons...
, and polypropylene
Polypropylene
Polypropylene , also known as polypropene, is a thermoplastic polymer used in a wide variety of applications including packaging, textiles , stationery, plastic parts and reusable containers of various types, laboratory equipment, loudspeakers, automotive components, and polymer banknotes...
.
LyondellBasell
Chemical maker Basell PolyolefinsBasell Polyolefins
Basell Polyolefins was a joint venture between BASF and Royal Dutch Shell. Leonard Blavatnik's Access Industries acquired it from the venturers for $5.7 billion in August 2005...
purchased Lyondell on Thursday, 20 December 2007, creating the new company LyondellBasell Industries AF S.C.A. Basell Polyolefins is owned by Access Industries
Access Industries
Access Industries is a privately held, U.S.-based industrial group founded in 1986 by its chairman, Len Blavatnik. Access’s industrial focus spans three sectors: natural resource and chemicals; media and telecommunications; and real estate...
, a privately held, U.S.-based industrial group. LyondellBasell is the third largest independent chemical manufacturer in the world and is headquartered in Rotterdam
Rotterdam
Rotterdam is the second-largest city in the Netherlands and one of the largest ports in the world. Starting as a dam on the Rotte river, Rotterdam has grown into a major international commercial centre...
, The Netherlands. Sales in 2008 were $50.7 billion. The company has 60 manufacturing sites in 19 countries and 15,000 employees.
In November 2009, Reliance Industries (controlled by Mukesh Ambani) bid $12 billion for LBI. In February 2010, Reliance raised its offer to $14.5 billion. The offer was rejected.
Engineering development
Throughout the year, LBI provides dedicated training sessions to all its Engineering staff ranging from interns to senior engineers. LBI has an engineering rotation program to expose engineers to various locations, cultures, and technologies.Management
- Chief Executive OfficerChief executive officerA chief executive officer , managing director , Executive Director for non-profit organizations, or chief executive is the highest-ranking corporate officer or administrator in charge of total management of an organization...
: Jim Gallogly - Chief Financial OfficerChief financial officerThe chief financial officer or Chief financial and operating officer is a corporate officer primarily responsible for managing the financial risks of the corporation. This officer is also responsible for financial planning and record-keeping, as well as financial reporting to higher management...
: Karyn Ovelmen - Chief Legal OfficerChief Legal OfficerA chief legal officer is the highest-ranking corporate officer concerning legal affairs of a corporation or agency. Chief legal officers typically hold the title of general counsel.- Skill requirements :...
: Craig Glidden
North American facilities
- WilmingtonWilmington, DelawareWilmington is the largest city in the state of Delaware, United States, and is located at the confluence of the Christina River and Brandywine Creek, near where the Christina flows into the Delaware River. It is the county seat of New Castle County and one of the major cities in the Delaware Valley...
- JacksonvilleJacksonville, FloridaJacksonville is the largest city in the U.S. state of Florida in terms of both population and land area, and the largest city by area in the contiguous United States. It is the county seat of Duval County, with which the city government consolidated in 1968...
- BrunswickBrunswick, GeorgiaBrunswick is the major urban and economic center in southeastern Georgia in the United States. The municipality is located on a harbor near the Atlantic Ocean, approximately 30 miles north of Florida and 70 miles south of South Carolina. Brunswick is bordered on the east by the Atlantic...
- MorrisMorris, IllinoisMorris is a city in Grundy County, Illinois, United States. The population was 13,636 at the 2010 census.Morris is home to the Dresden Nuclear Power Plant, which provides a substantial portion of the electricity supply for the Chicago metropolitan area...
- TuscolaTuscola, IllinoisTuscola is a city in Douglas County, Illinois, United States. The population was 4,480 at the 2010 census. It is the county seat of Douglas County.-Geography:Tuscola is located at ....
- ClintonClinton, IowaClinton is a city in and the county seat of Clinton County, Iowa, United States. The population was 26231as of 2010. Clinton, along with DeWitt, Iowa , was named in honor of the seventh governor of New York, DeWitt Clinton. Clinton is the principal city of the Clinton Micropolitan Statistical...
- Lake CharlesLake Charles, LouisianaLake Charles is the fifth-largest incorporated city in the U.S. state of Louisiana, located on Lake Charles, Prien Lake, and the Calcasieu River. Located in Calcasieu Parish, a major cultural, industrial, and educational center in the southwest region of the state, and one of the most important in...
- LansingLansing, MichiganLansing is the capital of the U.S. state of Michigan. It is located mostly in Ingham County, although small portions of the city extend into Eaton County. The 2010 Census places the city's population at 114,297, making it the fifth largest city in Michigan...
- NewarkNewark, New JerseyNewark is the largest city in the American state of New Jersey, and the seat of Essex County. As of the 2010 United States Census, Newark had a population of 277,140, maintaining its status as the largest municipality in New Jersey. It is the 68th largest city in the U.S...
- EdisonEdison, New JerseyEdison Township is a township in Middlesex County, New Jersey. What is now Edison Township was originally incorporated as Raritan Township by an Act of the New Jersey Legislature on March 17, 1870, from portions of both Piscataway Township and Woodbridge Township...
- Cincinnati - Technology Center - polyolefins
- Fairport HarborFairport Harbor, OhioFairport Harbor is a village in Lake County, Ohio, United States, along Lake Erie at the mouth of the Grand River. The population was 3,180 at the 2000 census....
- Newtown SquareNewtown Township, Delaware County, PennsylvaniaNewtown Township is a township in Delaware County, Pennsylvania, United States . Newtown Township is the oldest township in Delaware County. The population was 11,700 as of the 2000 census.-History:...
- Technology Center - chemicals - BayportPasadena, TexasPasadena is a city in the U.S. state of Texas within the metropolitan area. It is the second-largest city in Harris County, 17th-largest in Texas, and 162nd largest in the United States. The area was founded in 1893 by John H. Burnett of Galveston....
- Choate Plant and Underwood Plants - BeaumontBeaumont, TexasBeaumont is a city in and county seat of Jefferson County, Texas, United States, within the Beaumont–Port Arthur Metropolitan Statistical Area. The city's population was 118,296 at the 2010 census. With Port Arthur and Orange, it forms the Golden Triangle, a major industrial area on the...
- CarrolltonCarrollton, Texas-Climate:*On average, the warmest month is July.*The highest recorded temperature was 112°F in 1980.*The average coolest month is January.*The lowest recorded temperature was 1°F in 1989.*The most precipitation on average occurs in May....
- Chocolate BayouChocolate Bayou, TexasChocolate Bayou is an unincorporated area in Brazoria County, Texas, United States....
- Houston - Regional Headquarters, Houston RefiningHouston RefiningHouston Refining formerly known as Lyondell-Citgo Refining . The refinery is located on the Texas Gulf Coast in Houston, covering nearly along the Houston Ship Channel.-History:...
- MatagordaMatagorda, TexasMatagorda is an unincorporated community in Matagorda County, Texas, United States. It had a population of approximately 710 in 2000. Matagorda is at the end of State Highway 60 and beginning of Farm to Market Road 2031, which runs over the Intracoastal Waterway and south to the Gulf of Mexico...
- VictoriaVictoria, TexasVictoria is a city in and the seat of Victoria County, Texas, United States. The population was 60,603 at the 2000 census. The three counties of the Victoria Metropolitan Statistical Area had a population of 111,163 at the 2000 census,...
- ChannelviewChannelview, TexasChannelview is a census-designated place in the U.S. state of Texas within the Houston–Sugar Land–Baytown metropolitan area and Harris County. The population was 29,685 at the 2000 census...
- Corpus ChristiCorpus Christi, TexasCorpus Christi is a coastal city in the South Texas region of the U.S. state of Texas. The county seat of Nueces County, it also extends into Aransas, Kleberg, and San Patricio counties. The MSA population in 2008 was 416,376. The population was 305,215 at the 2010 census making it the...
- La PorteLa Porte, TexasLa Porte is a city in Harris County, Texas within the Bay Area of the Houston–Sugar Land–Baytown metropolitan area. As of the 2000 U.S. Census, the city population was 31,880...
- MansfieldMansfield, TexasMansfield is a city in Ellis, Johnson, and Tarrant counties in the U.S. state of Texas. As of the 2010 census, the population was 56,368.In 2009, CNN/Money Magazine rated Mansfield as one of the "Best Places to Live" in the United States, ranking 24th out of the top 100 places.-History:The first...
- MarkhamMarkham, TexasMarkham, Texas is a census-designated place in Matagorda County, Texas, United States. Named in 1903 for C. H. Markham, a railroad engineer for Southern Pacific, the town was founded in 1901 as Cortes...
- Mont BelvieuMont Belvieu, TexasMont Belvieu is a city in Chambers and Liberty Counties in the U.S. state of Texas. It is just north of Interstate 10 along State Highway 146. The population was 2,324 at the 2000 Census, increasing 65% to 3,835 in the 2010 Census.-Geography:...
- Grand PrairieGrand Prairie, TexasGrand Prairie is a city in Dallas, Ellis, and Tarrant counties in the U.S. state of Texas and is a part of the Mid-Cities region in the Dallas–Fort Worth metroplex. Grand Prairie is a suburb of both Dallas and Fort Worth and had a population of 175,396 at the 2010 census.- History :The city of...
- JacksonJackson, TennesseeJackson is a city in Madison County, Tennessee, United States. The total population was 65,211 at the 2010 census. Jackson is the primary city of the Jackson, Tennessee metropolitan area, which is included in the Jackson-Humboldt, Tennessee Combined Statistical Area...
Netherlands
- BotlekBotlekthumb|right|[[Satellite]] [[image]] of the [[Rhine]]-[[Meuse River|Meuse]] [[river delta|delta]] showing the Botlek .The Botlek originally was the name of a stretch of the Nieuwe Maas river, part of the Rhine-Meuse delta near the Dutch cities of Vlaardingen and Spijkenisse in the province of...
(RotterdamRotterdamRotterdam is the second-largest city in the Netherlands and one of the largest ports in the world. Starting as a dam on the Rotte river, Rotterdam has grown into a major international commercial centre...
) - MaasvlakteMaasvlakteThe Maasvlakte is part of Europoort, a harbour and industrial area near the city of Rotterdam in the Netherlands.-Creation:It was created in the 1960s by reclaiming land from the North Sea through dykes and sand suppletion. The sand for the suppletion was largely taken from the North Sea and the...
(RotterdamRotterdamRotterdam is the second-largest city in the Netherlands and one of the largest ports in the world. Starting as a dam on the Rotte river, Rotterdam has grown into a major international commercial centre...
) - RotterdamRotterdamRotterdam is the second-largest city in the Netherlands and one of the largest ports in the world. Starting as a dam on the Rotte river, Rotterdam has grown into a major international commercial centre...
- Worldwide Headquarters - MoerdijkMoerdijkMoerdijk is a municipality and a town in the South of the Netherlands, in the province of North Brabant.- History :The municipality of Moerdijk was founded in 1997 following the merger of the municipalities of Fijnaart en Heijningen, Klundert, Standdaarbuiten, Willemstad and Zevenbergen. At that...
UK
- Carrington http://www.lyondellbasell.com/WorldWideLocations/Europe/UnitedKingdom/Carrington/
- Milton Keynes http://www.lyondellbasell.com/WorldWideLocations/Europe/UnitedKingdom/Milton-Keynes/AboutUs/
Australian Operations
- Clyde, NSW - copolymer PP Plant
- Geelong, Victoria - homopolymer PP plant, analytical laboratory
- Melbourne, Victoria - regional office