Houston: LyondellBasell (LYB), a global leader in the chemical industry, has released its 2025 Sustainability Report, Vision to Value: Maintaining Our Focus, detailing progress in safety, emissions reduction, and circular solutions despite a challenging macroeconomic backdrop.
According to BERNAMA News Agency, LYB's chief executive officer, Peter Vanacker, emphasized the company's disciplined execution and strategic clarity, which enabled continued investment in sustainability while strengthening operational resilience and long-term value creation.
The report highlights LYB's industry-leading safety performance, achieving a record-low total recordable incident rate of 0.120, underscoring a sustained focus on reliability and operational discipline. Additionally, the company reported a reduction of approximately 3.2 million metric tonnes in Scope 1 and 2 greenhouse gas emissions, with Scope 3 emissions declining by an estimated 29 percent compared to a 2020 baseline. This reduction was largely driven by the discontinuation of crude oil refining at its Houston Refinery facility.
Advancements in circular and low-carbon solutions remain a focal point for LYB. The company has produced and marketed around 206,000 metric tonnes of recycled and renewable-based polymers, utilizing mechanical and chemical recycling technologies along with biocircular feedstocks to meet rising customer demand.
On the infrastructure front, LYB is continuing construction on its MoReTec-1 facility in Wesseling (Cologne), Germany. Expected to begin operations in 2027, this plant represents the company's first commercial-scale catalytic chemical recycling project.
LYB has also enhanced transparency for customers by securing independent certification of its life cycle assessment and product carbon footprint methodologies, thus enabling more consistent sustainability data across its portfolio.
The report reflects a refreshed sustainability framework that aligns with LYB's business strategy, focusing on operational excellence, collaborative partnerships, and continued investment in circular and low-carbon innovation. This positions the company to remain competitive in a rapidly evolving energy and materials landscape.