Lyondellbasell Industries N.V. (LYB) and Dacia recently partnered on the external design of the All-New Dacia Duster. The vehicle, known for its rugged elegance, now includes the durable "Starkle" material, owing to LYB's CirculenRecover portfolio. These innovative CirculenRecover polypropylene (PP) compounds utilize recycled materials and add a distinctive look to the All-New Duster model. The development of CirculenRecover polymers demonstrates LYB's constant dedication to creating solutions for everyday ...

Vladimir Dimitrov, CFA is a former strategy consultant within the field of brand and intangible assets valuation. During his career in the City of London he has been working with some of the largest global brands within the technology, telecom and banking sectors. Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. ...

LyondellBasell Industries N.V. (LYB) recently stated that it is investing in a new closed-loop preparation center in Lich, Germany, to address end-of-life challenges in durable goods. This advanced recycling center converts plastic waste into high-quality feedstock for high-performance materials, promoting the circular economy and contributing to industry sustainability objectives. This new recycling center combines the skills of a service provider, a university that supports the process and analytics and a ...

LyondellBasell Industries N.V. (LYB) announced that it has signed an agreement to purchase full ownership of APK AG in Merseburg, Germany. The acquisition enables LYB to grow and update its Circular and Low Carbon Solutions business, owing to its technology. The transaction's closing is subject to customary closing conditions. LYB expects APK's solvent-based recycling technology to complement its existing mechanical and sophisticated recycling technologies. As a result, it has already invested in the compan ...

Expands Company's Technology Portfolio and Circular Hub Acquisition increases LYB Circular and Low Carbon Solutions Business and diversification of innovative recycling technologies Transaction encompasses existing assets and planned growth projects ROTTERDAM, Netherlands, Aug. 22, 2024 /PRNewswire/ -- LyondellBasell (LYB) today announced it entered into an agreement to acquire full ownership of APK AG in Merseburg, Germany. Enabled by its technology, the acquisition positions LYB to grow and upgrade its Ci ...

HOUSTON and LONDON, Aug. 16, 2024 /PRNewswire/ -- LyondellBasell (NYSE: LYB) today announced it has declared a dividend of $1.34 per share, to be paid to shareholders on Sept. 3, 2024, with an ex-dividend and record date of Aug. 26, 2024. About LyondellBasell We are LyondellBasell (NYSE: LYB) ― a leader in the global chemical industry creating solutions for everyday sustainable living. Through advanced technology and focused investments, we are enabling a circular and low carbon economy. Across all we do, w ...

Core Insights - LyondellBasell Industries N.V. (LYB) has introduced an innovative foaming material, Hostacom TYC 2463F E2, in collaboration with Renault and Antolin for the interior design of the new Renault Rafale, showcasing advancements in material science and sustainability [1][2][4] Group 1: Product Innovation - Hostacom TYC 2463F E2 is a cutting-edge polypropylene (PP) compound that enhances interior parts with intricate designs, improved surface textures, scratch resistance, and low emissions [1][2] - The material is developed using advanced LYB catalyst technology, which improves the rheology of the PP polymer matrix, offering high flowability, an enlarged processing window, and great melt strength [3] - The semi-ductile nature of the Hostacom foaming material allows for diverse applications in various interior trim parts, contributing to sustainability [3] Group 2: Market Performance - LyondellBasell's shares have decreased by 2.4% over the past year, while the industry has seen a decline of 9.8% [4] - For the third quarter, LYB expects margins to benefit from lower natural gas and natural gas liquids costs in North America and the Middle East, despite higher oil-based expenses in other regions [4] - The company plans to operate its assets in line with market demand, targeting average operating rates of 85% for North American olefins and polyolefins, 80% for European assets, and 75% for Intermediates & Derivatives [5]

Weerapong Khodsom LyondelBasell Industries N.V. (NYSE:LYB) operates as a chemical company in the United States, and internationally. We first wrote about the firm in early 2023, with an initial "buy" rating. Later in September 2023, we have ceiterated this bullish view, mainly due to its valuation based on its dividends and dividend growth. Rating: × Analysis Filtered By: | LYB (2) Analyst's Rating History on LYB 110 Oct '23 LyondellBasell Industries: The Reason We Maintain Our Bullish Rating, Despite The P ...

Core Insights - LyondellBasell reported $10.56 billion in revenue for Q2 2024, a year-over-year increase of 2.5%, with an EPS of $2.24 compared to $2.44 a year ago [1] - The revenue fell short of the Zacks Consensus Estimate of $10.67 billion by -1.07%, while the EPS exceeded the consensus estimate of $2.23 by +0.45% [1] Revenue Performance by Segment - Advanced Polymer Solutions: Revenue of $948 million, below the average estimate of $990.11 million, representing a year-over-year decline of -1.3% [3] - Olefins and Polyolefins - Americas: Revenue of $2.93 billion, exceeding the average estimate of $2.88 billion, with a year-over-year increase of +7.3% [4] - Olefins and Polyolefins - Europe, Asia, International: Revenue of $2.84 billion, surpassing the average estimate of $2.68 billion, reflecting a year-over-year growth of +4.1% [5] - Other/Eliminations: Revenue of -$1.46 billion, worse than the average estimate of -$1.34 billion, but showing a year-over-year improvement of +5.2% [6] - Refining: Revenue of $2.35 billion, above the average estimate of $2.13 billion, but a year-over-year decline of -4.6% [7] - Technology: Revenue of $159 million, slightly above the average estimate of $155.19 million, with a year-over-year increase of +3.3% [8] - Intermediates & Derivatives: Revenue of $2.80 billion, slightly below the average estimate of $2.81 billion, with a year-over-year increase of +5% [9] EBITDA Performance by Segment - Olefins & Polyolefins - Americas: EBITDA of $670 million, exceeding the average estimate of $650.05 million [9] - Olefins & Polyolefins - Europe, Asia, International: EBITDA of $70 million, above the average estimate of $57.82 million [9] - Intermediates & Derivatives: EBITDA of $794 million, significantly higher than the average estimate of $495.10 million [10] - Advanced Polymer Solutions: EBITDA of $40 million, slightly above the average estimate of $37.82 million [11] - Technology: EBITDA of $84 million, exceeding the average estimate of $80.31 million [12] Stock Performance - LyondellBasell shares have returned +3.1% over the past month, outperforming the Zacks S&P 500 composite, which changed by -0.4% [12]

Financial Data and Key Metrics Changes - The second quarter underlying business results improved by nearly 30% over the first quarter, driven by increased volumes from operations [6][12] - Earnings were reported at $2.24 per share, with EBITDA of $1.4 billion, and the company generated $1.3 billion in cash from operating activities [7][15] - The cash conversion rate was impressive at 95%, with $4.4 billion generated from operating activities over the past year [15][17] Business Line Data and Key Metrics Changes - The O&P Americas segment reported EBITDA of $670 million, benefiting from increased production and higher margins [20] - The intermediates and derivatives segment achieved EBITDA of $501 million, driven by increased production and seasonal demand for oxyfuels [28] - The refining segment's EBITDA was $15 million, impacted by lower margins due to decreased distillate cracks [26] Market Data and Key Metrics Changes - North American polyethylene sales increased by nearly 11% year-to-date over the first half of 2023, indicating strengthening demand [21] - European olefins and polyolefins results improved due to increased utilization of advantaged LPG feedstocks, with EBITDA of $70 million [25] - The U.S. Gulf Coast hurricane season poses potential disruptions, with estimated storm-related downtime impacting third quarter EBITDA by approximately $65 million [19] Company Strategy and Development Direction - The company aims to add $3 billion in incremental normalized EBITDA by 2027, with nearly one-third of that target unlocked during 2023 [8][9] - A strategic review of European assets is underway to align the regional footprint with long-term goals, with divestiture or rationalization options being considered [12][13] - The Value Enhancement Program (VEP) is expected to contribute approximately $400 million to EBITDA in 2024, focusing on increased value generation and lower fixed costs [17][33] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about North American polyolefin demand improving in 2024, supported by low feedstock costs and strong customer relationships [21][34] - The company anticipates a slight improvement in results for the second half of the year, driven by a slow recovery in global markets [32][34] - Management remains cautious about the impact of high interest rates on durable goods demand, which may affect the intermediates and derivatives segment [70] Other Important Information - The company completed the sale of its ethylene oxide and derivatives business for $700 million and acquired a 35% stake in the NATPET joint venture in Saudi Arabia [16][30] - The Houston refinery is set to shut down by the end of the first quarter of 2025, with plans to repurpose the site for circular and low-carbon solutions [10][26] Q&A Session Summary Question: Plans for the refinery and funding contingencies - Management confirmed plans to shut down the refinery by Q1 2025 and discussed ongoing projects related to advanced recycling and renewable hydrocarbons [35][37] Question: EBITDA contribution from the new PO/TBA plant - The new PO/TBA facility operated close to 90% capacity utilization in Q2, contributing positively to the overall performance [43] Question: Cash flow outlook and potential for M&A - The company plans to continue buybacks modestly while maintaining a commitment to return 70% of free cash flow to shareholders [46][47] Question: Concerns about circular plastics initiatives - Management highlighted the unique advantages of their MoReTec technology and expressed confidence in achieving 2030 targets despite industry challenges [49][50] Question: Expectations for polyethylene price increases - Management expects polyethylene prices to increase due to strong demand and low inventory levels, with two price increases anticipated in the market [52][55] Question: European asset review and potential outcomes - Management is keeping all options open regarding the European asset review, focusing on upgrading, divesting, or rationalizing assets as needed [57][58]