MOSCOW (MRC) -- LyondellBasell (LBI), one of the largest plastics and chemicals companies in the world, HAS announced Anthony Chase, chairman and chief executive officer of ChaseSource L.P., and Robert Dudley, former group chief executive and director of BP, have been nominated to stand for election to its board of directors at the company's annual general meeting of shareholders on May 28, 2021, as per the company's press release.
In addition, the company announced that director Bella Goren has decided not to stand for re-election at the 2021 annual general meeting.
"We are very grateful for Bella's service to our company. She has been an important part of our success over the last seven years and we wish her all the best in her future endeavors," said Mr. Aigrain.
As MRC wrote previously, LyondellBasell and Covestro's jointly-owned propylene oxide(PO)/styrene monomer (SM) unit at Maasvlakte, Netherlands, was reportedly producing at a lower rate in the first half of March following an incident at the site on 10 February, 2021. The site produces 313,000 metric tons/year of PO and 680,000 metric tons/year of styrene. A four-week turnaround was planned at the site, beginning in the second half of March.
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.
MRC