LyondellBasell has entered into a multi-year agreement with Citrine Informatics to utilize the Citrine Platform for Materials Informatics and artificial intelligence-guided product development, said Hydrocarbonprocessing.
In 2021, LyondellBasell successfully launched and implemented the Citrine Platform resulting in the expansion of their collaboration with Citrine. The Citrine Platform enables users to become more agile in their approach to product development and gain additional insights into the end-to-end value chain, from raw materials to manufactured products.
"Our collaborative relationship with Citrine is another step to significantly enhance our agility while continuing to be the trusted market leader our customers rely on,” said Anup Sharma, LyondellBasell’s senior vice president of Global Business Services. With the Citrine Platform, LyondellBasell can more effectively unlock new value at the boundary of materials development and discrete product development.
“The demands on chemicals and materials manufacturers to innovate faster, more efficiently, and more sustainably will continue to grow. LyondellBasell entered this collaboration with clear expectations to thrive among these existential challenges, and we are proud to be supporting this effort,” said Citrine Informatics CEO Greg Mulholland. “This multi-year agreement is testament to the strength of the Citrine Platform and the leadership position LyondellBasell holds in the industry."
As per MRC, LyondellBasell has agreed to sell its Australian polymer business, LyondellBasell Australia (LBA), to Viva Energy. BA’s operations include polymer manufacturing and distribution at Viva’s Geelong refinery near Melbourne.
LBA's Geelong plant is Australia’s only producer of polypropylene (PP). The refinery provides the propylene feedstock for PP.
As MRC wrote earlier, in July, 2021, Neste and LyondellBasell announced a long-term commercial agreement under which LyondellBasell will source Neste RE, a feedstock from Neste that has been produced from 100% renewable feedstock from bio-based sources, such as waste and residue oils and fats. This feedstock will be processed through the cracker at LyondellBasell’s Wesseling, Germany, plant into polymers and sold under the CirculenRenew brand name.
Ethylene and propylene are the main feedstocks for the production of polyethylene (PE) and polypropylene (PP), respectively.
According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 2,487,450 tonnes in 2021, up by 13% year on year. Shipments of all grades of ethylene polymers increased. At the same time, PP shipments to the Russian market totalled 1,494.280 tonnes, up by 21% year on year. Deliveries of homopolymer PP and PP block copolymers increased, whereas shipments of PP random copolymers decreased significantly.
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.
mrchub.com