MOSCOW (MRC) -- Employees from LyondellBasell and San Jacinto College, along with a small group of elected officials and community partners, gathered on Friday, March 5, for a socially-distant ribbon-cutting ceremony officially opening the new LyondellBasell Glass Distillation Lab at San Jacinto College, said Hydrocarbonprocessing.
The lab, located in the LyondellBasell Center for Petrochemical, Energy, & Technology (CPET) at San Jacinto College, is a scaled model distillation plant which shows the chemical and physical processes that take place within a chemical plant. It is designed to be a hands-on training tool for the next generation of operators, teaching process technology and instrumentation. San Jacinto College students will have a unique perspective on how a distillation unit operates, since the glass structure of the unit allows them to peek inside and see how it works.
"The LyondellBasell Glass Distillation Lab is an innovative educational tool which gives our future workforce hands-on experience before they step foot on a manufacturing site," said Michael VanDerSnick, Senior Vice President of Americas Manufacturing for LyondellBasell. “Our custom-built Glass Distillation Lab is the most realistic training experience a student can have without actually being at a plant, and it’s the only one of its kind. LyondellBasell employees are personally invested in the workforce of the future, which is evident in the 14,000 hours they dedicated to constructing the lab."
The LyondellBasell Glass Distillation Lab is one of 35 labs at CPET, which opened for classes in Fall 2019. The Center is the largest training facility in the Gulf Coast Region built for and designed by industry. It also includes an 8,000-square-foot glycol distillation unit, 20 interactive classrooms, and conference, training, and assembly spaces designed to accommodate academic, community, and industrial functions. The LyondellBasell Center for Petrochemical, Energy, & Technology was funded in part through a $425 million bond referendum in 2015 and through numerous monetary and in-kind donations from industry partners.
“When we began the process of planning this building several years ago, it was important to have our industry partners at the table from the beginning,” said San Jacinto College Chancellor Dr. Brenda Hellyer. “We are fortunate to have LyondellBasell as one of our many partners, and today we are here to celebrate them and the opening of the Glass Distillation Lab. This lab is going to benefit the next generation of process technology workers by providing them with a real-life, hands-on experience, just as they will use when they enter the workforce. We are thankful and grateful to LyondellBasell for its commitment to our students and our training programs at San Jacinto College."
As MRC wrote previously, LyondellBasell (Houston, Texas), one of the largest plastics, chemicals and refining companies in the world, reports fourth-quarter net income of USD855 million, up 40% year-over-year (YOY) from USD612 million on higher polyolefin volumes and margins. A USD147 million non-cash, lower-of-cost-or-market (LCM) inventory valuation benefit increased net income by USD119 million, or USD0.36 per share. Sales totaled USD7.937 billion, down 3.0% YOY from USD8.179 billion. Adjusted earnings per share of USD2.19 increased 15% YOY from USD1.91 and beat the consensus of USD1.31 as compiled by Zacks Investment Research.
Styrene is the main feedstock for the production of polystyrene (PS).
According to MRC's ScanPlast report, Russia's estimated consumption of PS and styrene plastics totalled 520,630 tonnes in 2020, which corresponded to the same figure a year earlier. December estimated consumption of PS and styrene plastics grew by 5% year on year to 47,490 tonnes.
LyondellBasell is one of the largest plastics, chemicals and refining companies in the world. Driven by its 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, improving the safety, comfort and fuel efficiency of many of the cars and trucks on the road, and ensuring the safe and effective functionality in electronics and appliances. LyondellBasell sells products into more than 100 countries and is the world"s largest producer of polymer compounds and the largest licensor of polyolefin technologies. In 2020, LyondellBasell was named to Fortune Magazine"s list of the "World"s Most Admired Companies" for the third consecutive year.
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