PR95426

HOUSTON and ROTTERDAM, Netherlands, April 12, 2022 /PRNewswire=KYODO JBN/ --

LyondellBasell (NYSE: LYB) today announced the publication of its 2021

sustainability report: "Future Focused." The report details the company's

ambitions to help end plastic waste in the environment, address climate change

and support a thriving society, including:

    -- The pathway to meeting the company's greenhouse gas (GHG) emissions

       reduction targets

    -- Plans to ramp up mechanical and advanced recycling of plastics and the

       use of renewable-based feedstock

    -- A new goal to assess the company's key suppliers using sustainability

       criteria

    -- New Diversity, Equity and Inclusion (DEI) efforts, including the

       addition of ambitious targets

"We are future focused and we believe our goals for more circular and

sustainable plastics and decarbonization are critical to the long-term success

of LyondellBasell. They help create a better future for our employees and our

communities, as well as advance our customers' sustainability ambitions," said

Kenneth Lane, Interim CEO of LyondellBasell. "A net zero economy without

plastic waste in the environment will require collaboration throughout the

value chain and is key to securing society's transition toward a more

sustainable future."

In 2021, LyondellBasell joined a number of collaborative platforms aimed at

accelerating the positive impact on areas aligned with our sustainability

strategy. Examples are:

    -- Cyclyx International, a feedstock management consortium, with a

       mission to increase the recycling rate of plastic from 10 percent to

       90 percent;

    -- Together for Sustainability, a joint initiative of chemical companies

       focused on developing and sharing best practices to drive and deliver

       tangible, measurable improvements in the sustainability performance of

       supply chains; and,

    -- In Houston, the company joined with 10 industry peers to support

       large-scale development of carbon capture and storage technology.

The company is also investing catalytic capital into funds focused on advancing

a circular economy. For every dollar LyondellBasell invests in venture funds

addressing the plastic waste challenge, the company aims to help catalyze

another five dollars from co-investors by 2030. This includes commitments of

more than $10 million to circular plastics funds led by Closed Loop Partners in

the United States and Infinity Recycling in Europe.  

The company also recently established two new goals to advance DEI in the

workplace as it seeks to support a thriving society. LyondellBasell aims to

achieve gender parity in senior leadership globally by 2032 and increase the

number of people from underrepresented groups in U.S. senior leadership roles

to reflect to general population ratio by 2032.

For more information, please read the 2021 "Future Focused" sustainability

report here (

https://c212.net/c/link/?t=0&l=en&o=3502123-1&h=2662681786&u=https%3A%2F%2Fwww.lyondellbasell.com%2Fen%2Fsustainability%2F&a=here

).

About LyondellBasell

As a leader in the global chemical industry, LyondellBasell strives every day

to be the safest, best operated and most valued company in our industry. The

company's products, materials and technologies are advancing sustainable

solutions for food safety, access to clean water, healthcare and fuel

efficiency in more than 100 international markets. LyondellBasell places high

priority on diversity, equity and inclusion and is Advancing Good with an

emphasis on our planet, the communities where we operate and our future

workforce. The company takes great pride in its world-class technology and

customer focus. LyondellBasell has stepped up its circularity and climate

ambitions and actions to address the global challenges of plastic waste and

decarbonization. In 2022, LyondellBasell was named as one of FORTUNE Magazine's

"World's Most Admired Companies" for the fifth consecutive year. For more

information, please visit www.lyondellbasell.com or follow @LyondellBasell on

LinkedIn.

Forward-Looking Statements

The statements in this release relating to matters that are not historical

facts are forward-looking statements. These forward-looking statements are

based upon the expectations and assumptions of management of LyondellBasell,

including expectations based on third-party information and projections, which

are believed to be reasonable at the time made and are subject to significant

risks and uncertainties. In addition, any statements that refer to

LyondellBasell's emissions reduction, circularity, diversity, equity and

inclusion goals or other sustainability goals and related efforts are

forward-looking statements. Actual results could differ materially based on

factors including, but not limited to, market conditions, the business

cyclicality of the chemical, polymers and refining industries; the

availability, cost and price volatility of raw materials and utilities,

particularly the cost of oil, natural gas, and associated natural gas liquids;

our ability to meet our sustainability goals, including the ability to operate

safely, increase production of recycled and renewable-based polymers, and

reduce our greenhouse gas emissions and energy usage; implementation of new

technology and the ability to realize the expected benefits therefrom; our

ability to access capital to fund our climate related initiatives; actions by

our suppliers and customers, including the use of the Circulen family of

products; our ability to procure renewable energy and reduce our reliance on

coal; uncertainties and impacts related to the extent and duration of the

pandemic; competitive product and pricing pressures; labor conditions;

operating interruptions (including leaks, explosions, fires, weather-related

incidents, mechanical failure, unscheduled downtime, supplier disruptions,

labor shortages, strikes, work stoppages or other labor difficulties,

transportation interruptions, spills and releases and other environmental

risks); the supply/demand balances for our and our joint ventures' products,

and the related effects of industry production capacities and operating rates;

our ability to manage costs; future financial and operating results; climate

change developments; legal and environmental proceedings; our ability to

achieve gender parity and increase representation of U.S. underrepresented

groups in senior leadership; tax rulings, consequences or proceedings;

technological developments, and our ability to develop new products and process

technologies; and potential governmental regulatory actions, including climate

related disclosure requirements. Additional factors that could cause results to

differ materially from those described in the forward-looking statements can be

found in the "Risk Factors" section of our Form 10-K for the year ended

December 31, 2021 and in our subsequent filings with the SEC, which can be

found at www.LyondellBasell.com on the Investor Relations page and on the

Securities and Exchange Commission's website at www.sec.gov .

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SOURCE LyondellBasell Industries

CONTACT: Media Inquiries: LyondellBasell Media Relations, Email:

mediarelations@lyb.com, Phone: +1 (713) 309-7575